Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
MUNA
2 hedge funds and large institutions have $4.42M invested in Northern Trust 2030 Tax-Exempt Distributing Ladder ETF in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, reducing their positions, and 5 closing their positions.
5.43% less ownership
Funds ownership: 49.6% → 44.17% (-5.4%)
11% less capital invested
Capital invested by funds: $4.97M → $4.42M (-$556K)
67% less funds holding
Funds holding: 6 → 2 (-4)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$3.41M |
| 2 |
Jane Street
New York
|
+$344K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1M |
| 2 |
JP Morgan Chase
New York
|
-$1M |
| 3 |
Morgan Stanley
New York
|
-$1M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$842K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$458K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Northern Trust
Chicago,
Illinois
| $3.41M | +$3.41M | +34,107 | New |
|
|
2
Jane Street
New York
| $1.01M | +$344K | +3,439 | +52% |
|
|
3
Bank of America
Charlotte,
North Carolina
| – | -$1M | -10,000 | Closed |
|
|
4
JP Morgan Chase
New York
| – | -$1M | -10,000 | Closed |
|
|
5
Morgan Stanley
New York
| – | -$1M | -10,000 | Closed |
|
|
6
Wells Fargo
San Francisco,
California
| – | -$842K | -8,400 | Closed |
|
|
FTUS
7
Flow Traders U.S.
New York
| – | -$458K | -4,574 | Closed |
|
MUNA Hedge Fund Activity: Q4 2025 in Review
2 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) for Q4 2025, worth a combined $4.42M — down 11% from $4.97M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MUNA and 1 opened new positions — a net loss of 4 holders — while 0 trimmed existing stakes and 1 added.
The largest buyer was Northern Trust, opening a new position worth an estimated $3.41M. The largest seller was Bank of America, exiting entirely with an estimated $1M sold.
- 2 institutional investors held Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) as of Q4 2025, down from 6 in Q3 2025.
- Funds reported $4.42M of Northern Trust 2030 Tax-Exempt Distributing Ladder ETF stock for Q4 2025, down 11% quarter-over-quarter.
- 1 fund opened new Northern Trust 2030 Tax-Exempt Distributing Ladder ETF positions in Q4 2025 and 5 closed out, a net change of -4 holders.
- The largest Northern Trust 2030 Tax-Exempt Distributing Ladder ETF buyer in Q4 2025 was Northern Trust, an estimated $3.41M added.
- The largest Northern Trust 2030 Tax-Exempt Distributing Ladder ETF seller in Q4 2025 was Bank of America, an estimated $1M sold.
Based on aggregated 13F filings for Q4 2025.