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iShares National Muni Bond ETF

1,221 hedge funds and large institutions have $30.2B invested in iShares National Muni Bond ETF in 2023 Q3 according to their latest regulatory filings, with 101 funds opening new positions, 520 increasing their positions, 431 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

603% more call options, than puts

Call options by funds: $21.8M | Put options by funds: $3.09M

21% more repeat investments, than reductions

Existing positions increased: 520 | Existing positions reduced: 431

20% more first-time investments, than exits

New positions opened: 101 | Existing positions closed: 84

13% more funds holding in top 10

Funds holding in top 10: 101114 (+13)

10% more capital invested

Capital invested by funds: $27.5B → $30.2B (+$2.64B)

4.02% more ownership

Funds ownership: 84.09%88.11% (+4%)

0% more funds holding

Funds holding: 1,2181,221 (+3)

Holders
1,221
Holders Change
+3
Holders Change %
+0.25%
% of All Funds
19.38%
Holding in Top 10
114
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+12.87%
% of All Funds
1.81%
New
101
Increased
520
Reduced
431
Closed
84
Calls
$21.8M
Puts
$3.09M
Net Calls
+$18.7M
Net Calls Change
+$20.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$2.51B +$33.3M +315,999 +1%
Bank of America
2
Bank of America
North Carolina
$2.3B +$165M +1,561,926 +7%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$1.55B -$497M -4,714,976 -24%
TIAA Trust, National Association
4
TIAA Trust, National Association
North Carolina
$1.27B +$1.31B +12,398,614 New
Creative Planning
5
Creative Planning
Kansas
$1.2B +$61.7M +585,104 +5%
Bank of New York Mellon
6
Bank of New York Mellon
New York
$1.06B +$21.4M +202,820 +2%
Betterment LLC
7
Betterment LLC
New York
$1.05B +$43.9M +416,186 +4%
JP Morgan Chase
8
JP Morgan Chase
New York
$1.01B +$222M +2,106,010 +27%
CSIA
9
Charles Schwab Investment Advisory
California
$980M +$447M +4,234,737 +80%
Wealthfront Advisers
10
Wealthfront Advisers
California
$884M +$798M +7,569,304 +720%
Wells Fargo
11
Wells Fargo
California
$765M +$62.8M +595,111 +9%
US Bancorp
12
US Bancorp
Minnesota
$733M +$44.2M +419,509 +6%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$617M +$10.4M +98,820 +2%
Northwestern Mutual Wealth Management
14
Northwestern Mutual Wealth Management
Wisconsin
$612M +$51.8M +490,822 +9%
Morgan Stanley
15
Morgan Stanley
New York
$592M +$6.34M +60,114 +1%
Envestnet Portfolio Solutions
16
Envestnet Portfolio Solutions
Illinois
$578M +$594M +5,634,877 New
LPL Financial
17
LPL Financial
California
$529M +$31.1M +294,613 +6%
Mercer Global Advisors
18
Mercer Global Advisors
Colorado
$418M +$78.5M +744,168 +22%
Fisher Asset Management
19
Fisher Asset Management
Washington
$397M +$26.7M +253,120 +7%
SEI Investments
20
SEI Investments
Pennsylvania
$394M -$39.4M -373,065 -9%
FCBT
21
First Citizens Bank & Trust
North Carolina
$371M +$15.9M +150,757 +4%
AC
22
Allstate Corporation
Illinois
$324M +$205M +1,941,725 +159%
UBS Group
23
UBS Group
Switzerland
$286M -$3.88M -36,781 -1%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$257M +$18.3M +173,469 +7%
CC
25
Centiva Capital
New York
$248M +$255M +2,420,000 New

MUB Hedge Fund Activity: Q3 2023 in Review

1,221 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q3 2023, worth a combined $30.2B — up 9.6% from $27.5B a quarter earlier.

Buyers outnumbered sellers: 101 funds opened new MUB positions and 84 closed out — a net gain of 17 holders — while 520 added to existing stakes and 431 trimmed.

The largest buyer was Wealthfront Advisers, adding an estimated $798M. The largest seller was Envestnet Asset Management, cutting an estimated $497M.

  • 1,221 institutional investors held iShares National Muni Bond ETF (MUB) as of Q3 2023, up from 1,218 in Q2 2023.
  • Funds reported $30.2B of iShares National Muni Bond ETF stock for Q3 2023, up 9.6% quarter-over-quarter.
  • 101 funds opened new iShares National Muni Bond ETF positions in Q3 2023 and 84 closed out, a net change of +17 holders.
  • The largest iShares National Muni Bond ETF buyer in Q3 2023 was Wealthfront Advisers, an estimated $798M added.
  • The largest iShares National Muni Bond ETF seller in Q3 2023 was Envestnet Asset Management, an estimated $497M sold.

Based on aggregated 13F filings for Q3 2023.