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iShares National Muni Bond ETF

1,534 hedge funds and large institutions have $34.3B invested in iShares National Muni Bond ETF in 2025 Q3 according to their latest regulatory filings, with 118 funds opening new positions, 667 increasing their positions, 570 reducing their positions, and 93 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $526M | Put options by funds: $347M

27% more first-time investments, than exits

New positions opened: 118 | Existing positions closed: 93

17% more repeat investments, than reductions

Existing positions increased: 667 | Existing positions reduced: 570

0% less funds holding

Funds holding: 1,5351,534 (-1)

1% less capital invested

Capital invested by funds: $34.5B → $34.3B (-$186M)

3.46% less ownership

Funds ownership: 89.18%85.71% (-3.5%)

10% less funds holding in top 10

Funds holding in top 10: 10695 (-11)

Holders
1,534
Holders Change
-1
Holders Change %
-0.07%
% of All Funds
20.14%
Holding in Top 10
95
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-10.38%
% of All Funds
1.25%
New
118
Increased
667
Reduced
570
Closed
93
Calls
$526M
Puts
$347M
Net Calls
+$179M
Net Calls Change
-$188M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$3.57B +$212M +2,026,165 +6%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$2.36B +$411M +3,931,000 +22%
Betterment LLC
3
Betterment LLC
New York
$1.85B -$130M -1,240,704 -7%
Envestnet Asset Management
4
Envestnet Asset Management
Illinois
$1.52B -$636M -6,079,064 -30%
Creative Planning
5
Creative Planning
Kansas
$1.4B +$89.1M +851,224 +7%
LPL Financial
6
LPL Financial
California
$1.11B -$11.3M -107,744 -1%
Wells Fargo
7
Wells Fargo
California
$1.06B +$17.7M +169,569 +2%
Fisher Asset Management
8
Fisher Asset Management
Washington
$1.04B +$84.9M +810,838 +9%
Northwestern Mutual Wealth Management
9
Northwestern Mutual Wealth Management
Wisconsin
$863M +$74.4M +710,666 +10%
Morgan Stanley
10
Morgan Stanley
New York
$862M -$42.2M -403,358 -5%
Mercer Global Advisors
11
Mercer Global Advisors
Colorado
$800M +$132M +1,261,391 +20%
PNC Financial Services Group
12
PNC Financial Services Group
Pennsylvania
$773M -$28.3M -270,458 -4%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$735M -$38.3M -365,792 -5%
TIAA Trust, National Association
14
TIAA Trust, National Association
North Carolina
$589M +$27.6M +264,111 +5%
US Bancorp
15
US Bancorp
Minnesota
$564M -$214M -2,046,373 -28%
Wealthfront Advisers
16
Wealthfront Advisers
California
$537M -$37.3M -356,865 -7%
SEI Investments
17
SEI Investments
Pennsylvania
$500M +$15.7M +149,563 +3%
JP Morgan Chase
18
JP Morgan Chase
New York
$487M +$25.3M +241,486 +6%
Wellington Management Group
19
Wellington Management Group
Massachusetts
$387M +$381M +3,636,000 New
AssetMark Inc
20
AssetMark Inc
California
$309M +$12.7M +121,036 +4%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$303M -$22.1M -210,776 -7%
Cetera Investment Advisers
22
Cetera Investment Advisers
Illinois
$278M +$104M +989,777 +61%
OWM
23
Orgel Wealth Management
Wisconsin
$274M +$2.51M +23,983 +0.9%
UBS Group
24
UBS Group
Switzerland
$263M -$6.17M -58,957 -2%
RWP
25
RWA Wealth Partners
Massachusetts
$255M -$2.96M -28,269 -1%