X-Square Municipal Income Tax Free ETF
ZTAX
2 hedge funds and large institutions have $2M invested in X-Square Municipal Income Tax Free ETF in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 1 closing their positions.
0% more funds holding
Funds holding: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
4.12% less ownership
Funds ownership: 49.24% → 45.12% (-4.1%)
10% less capital invested
Capital invested by funds: $2.22M → $2M (-$219K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
XSC
X-Square Capital
Guaynabo,
Puerto Rico
|
+$14.7K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$50 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$201K |
ZTAX Hedge Fund Activity: Q3 2025 in Review
2 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in X-Square Municipal Income Tax Free ETF (ZTAX) for Q3 2025, worth a combined $2M — down 9.9% from $2.22M a quarter earlier.
Fund positioning in ZTAX was balanced in Q3 2025: 1 fund opened new positions, 1 closed out, 1 added to existing stakes and 0 trimmed.
The largest buyer was X-Square Capital, adding an estimated $14.7K. The largest seller was Jane Street, exiting entirely with an estimated $201K sold.
- 2 institutional investors held X-Square Municipal Income Tax Free ETF (ZTAX) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $2M of X-Square Municipal Income Tax Free ETF stock for Q3 2025, down 9.9% quarter-over-quarter.
- 1 fund opened new X-Square Municipal Income Tax Free ETF positions in Q3 2025 and 1 closed out, a net change of 0 holders.
- The largest X-Square Municipal Income Tax Free ETF buyer in Q3 2025 was X-Square Capital, an estimated $14.7K added.
- The largest X-Square Municipal Income Tax Free ETF seller in Q3 2025 was Jane Street, an estimated $201K sold.
Based on aggregated 13F filings for Q3 2025.