iShares National Muni Bond ETF
1,208 hedge funds and large institutions have $27B invested in iShares National Muni Bond ETF in 2023 Q1 according to their latest regulatory filings, with 112 funds opening new positions, 524 increasing their positions, 425 reducing their positions, and 81 closing their positions.
38% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 81
23% more repeat investments, than reductions
Existing positions increased: 524 | Existing positions reduced: 425
2% more capital invested
Capital invested by funds: $26.5B → $27B (+$464M)
0.15% more ownership
Funds ownership: 82.96% → 83.11% (+0.15%)
0% more funds holding
Funds holding: 1,208 → 1,208 (0)
5% less funds holding in top 10
Funds holding in top 10: 124 → 118 (-6)
20% less call options, than puts
Call options by funds: $1.94M | Put options by funds: $2.44M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$418M |
| 2 |
FCBT
First Citizens Bank & Trust
Raleigh,
North Carolina
|
+$306M |
| 3 |
Wealthfront Advisers
Palo Alto,
California
|
+$240M |
| 4 |
CIA
Choate Investment Advisors
Boston,
Massachusetts
|
+$95.3M |
| 5 |
US Bancorp
Minneapolis,
Minnesota
|
+$58.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$577M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$330M |
| 3 |
Natixis Advisors
Boston,
Massachusetts
|
-$108M |
| 4 |
BlackRock
New York
|
-$93.3M |
| 5 |
EWA
EP Wealth Advisors
Torrance,
California
|
-$72.6M |
MUB Hedge Fund Activity: Q1 2023 in Review
1,208 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2023, worth a combined $27B — up 1.8% from $26.5B a quarter earlier.
Buyers outnumbered sellers: 112 funds opened new MUB positions and 81 closed out — a net gain of 31 holders — while 524 added to existing stakes and 425 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $418M. The largest seller was Fidelity Investments, cutting an estimated $577M.
- 1,208 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $27B of iShares National Muni Bond ETF stock for Q1 2023, up 1.8% quarter-over-quarter.
- 112 funds opened new iShares National Muni Bond ETF positions in Q1 2023 and 81 closed out, a net change of +31 holders.
- The largest iShares National Muni Bond ETF buyer in Q1 2023 was Envestnet Asset Management, an estimated $418M added.
- The largest iShares National Muni Bond ETF seller in Q1 2023 was Fidelity Investments, an estimated $577M sold.
Based on aggregated 13F filings for Q1 2023.