| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| FMR LLC | 6% | $2,360,396,233 | 22,165,426 | FMR LLC | 30 Sep 2025 |
As of 31 Dec 2025, 1,573 institutional investors reported holding 335,017,714 shares of iShares National Muni Bond ETF - COMMON STOCK (MUB). This represents 91% of the company’s total 369,423,770 outstanding shares.
The largest institutional shareholders of iShares National Muni Bond ETF - COMMON STOCK (MUB) together control 60% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | 10% | 37,349,821 | +11% | 0.29% | $4,000,539,370 |
| FMR LLC | 6% | 22,297,884 | +0.6% | 0.12% | $2,388,326,371 |
| Betterment LLC | 5.1% | 18,990,218 | +9.5% | 3.9% | $2,034,042,000 |
| ENVESTNET ASSET MANAGEMENT INC | 3.8% | 14,182,545 | -0.67% | 0.45% | $1,519,092,439 |
| Creative Planning | 3.7% | 13,555,369 | +2.8% | 1% | $1,451,915,586 |
| LPL Financial LLC | 3% | 11,099,309 | +6% | 0.33% | $1,188,846,974 |
| Fisher Asset Management, LLC | 2.9% | 10,713,817 | +10% | 0.39% | $1,147,556,982 |
| WELLS FARGO & COMPANY/MN | 2.7% | 9,936,446 | -0.51% | 0.21% | $1,064,292,668 |
| MORGAN STANLEY | 2.3% | 8,576,961 | +6% | 0.05% | $918,678,436 |
| MERCER GLOBAL ADVISORS INC /ADV | 2.3% | 8,549,244 | +14% | 1.4% | $915,709,834 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 2.3% | 8,431,113 | +4.1% | 0.57% | $903,056,385 |
| PNC Financial Services Group, Inc. | 2% | 7,336,158 | +1.1% | 0.43% | $785,775,832 |
| Bank of New York Mellon Corp | 1.9% | 7,089,365 | +2.8% | 0.13% | $759,341,928 |
| TIAA TRUST, NATIONAL ASSOCIATION | 1.6% | 5,733,941 | +3.7% | 1.5% | $614,162,251 |
| SEI INVESTMENTS CO | 1.4% | 5,268,267 | +12% | 0.56% | $564,284,890 |
| US BANCORP \DE\ | 1.4% | 5,229,521 | -1.2% | 0.66% | $560,138,013 |
| Wealthfront Advisers LLC | 1.3% | 4,900,255 | -2.8% | 1.2% | $524,866,313 |
| JPMORGAN CHASE & CO | 1.3% | 4,691,873 | +2.5% | 0.03% | $502,546,523 |
| ASSETMARK, INC | 0.83% | 3,067,392 | +5.7% | 0.67% | $328,548,311 |
| ALLSTATE CORP | 0.82% | 3,016,409 | +173% | 4.4% | $323,087,568 |
| COMMONWEALTH EQUITY SERVICES, LLC | 0.77% | 2,861,748 | +0.47% | 0.41% | $306,521,867 |
| Cetera Investment Advisers | 0.76% | 2,794,564 | +7% | 0.33% | $299,325,774 |
| Orgel Wealth Management, LLC | 0.71% | 2,615,919 | +1.8% | 6.2% | $280,191,085 |
| UBS Group AG | 0.66% | 2,445,652 | -0.86% | 0.05% | $261,953,786 |
| RWA WEALTH PARTNERS, LLC | 0.64% | 2,366,971 | -1.2% | 2.8% | $253,526,255 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 335,017,714 | $35,882,789,454 | +$1,317,844,651 | $107.11 | 1,573 |
| 2025 Q3 | 321,613,968 | $34,248,508,456 | -$590,420,687 | $106.49 | 1,528 |
| 2025 Q2 | 328,965,366 | $34,369,449,942 | -$518,361,762 | $104.48 | 1,532 |
| 2025 Q1 | 334,279,528 | $35,240,913,088 | -$383,298,148 | $105.44 | 1,496 |
| 2024 Q4 | 339,294,355 | $36,149,077,581 | +$2,123,643,741 | $106.55 | 1,519 |
| 2024 Q3 | 318,082,830 | $34,547,391,333 | +$1,553,955,715 | $108.63 | 1,394 |
| 2024 Q2 | 304,601,032 | $32,456,765,007 | +$150,455,597 | $106.55 | 1,342 |
| 2024 Q1 | 302,500,759 | $32,547,914,433 | -$1,161,204,054 | $107.60 | 1,367 |
| 2023 Q4 | 313,270,410 | $33,954,462,555 | +$1,806,804,127 | $108.41 | 1,371 |
| 2023 Q3 | 294,230,674 | $30,171,192,415 | +$2,286,493,635 | $102.54 | 1,221 |
| 2023 Q2 | 257,619,023 | $27,495,049,229 | +$787,683,618 | $106.73 | 1,213 |
| 2023 Q1 | 249,752,799 | $26,907,571,932 | +$135,227,150 | $107.74 | 1,199 |
| 2022 Q4 | 250,971,098 | $26,487,026,820 | +$3,248,532,581 | $105.52 | 1,201 |
| 2022 Q3 | 216,106,757 | $22,196,548,094 | -$331,417,677 | $102.58 | 1,123 |
| 2022 Q2 | 220,791,554 | $23,485,215,271 | +$4,990,660,306 | $106.36 | 1,147 |
| 2022 Q1 | 173,854,655 | $19,059,043,012 | +$264,278,820 | $109.64 | 1,156 |
| 2021 Q4 | 170,480,611 | $19,814,587,052 | +$1,614,570,502 | $116.28 | 1,170 |
| 2021 Q3 | 154,336,708 | $17,928,658,959 | +$741,571,047 | $116.17 | 1,009 |
| 2021 Q2 | 148,535,211 | $17,418,466,271 | +$1,348,783,726 | $117.20 | 1,012 |
| 2021 Q1 | 137,656,862 | $15,980,510,260 | +$610,935,125 | $116.05 | 991 |
| 2020 Q4 | 132,302,144 | $15,505,055,855 | +$1,633,021,602 | $117.20 | 991 |
| 2020 Q3 | 116,450,737 | $13,500,323,539 | +$939,538,340 | $115.93 | 869 |
| 2020 Q2 | 108,739,341 | $12,550,569,987 | +$1,345,002,854 | $115.40 | 838 |
| 2020 Q1 | 96,111,445 | $10,862,094,251 | -$139,437,431 | $113.01 | 815 |
| 2019 Q4 | 98,263,383 | $11,194,480,271 | +$772,661,365 | $113.91 | 797 |
| 2019 Q3 | 90,252,041 | $10,292,163,721 | +$709,509,820 | $114.10 | 671 |
| 2019 Q2 | 83,827,785 | $9,479,960,285 | +$274,479,568 | $113.09 | 645 |
| 2019 Q1 | 81,208,965 | $9,029,984,313 | +$67,527,375 | $111.19 | 615 |
| 2018 Q4 | 80,375,563 | $8,764,191,729 | +$1,745,841,462 | $109.04 | 601 |
| 2018 Q3 | 64,049,152 | $6,913,046,048 | -$89,635,489 | $107.94 | 508 |
| 2018 Q2 | 64,807,146 | $7,066,421,719 | +$685,676,097 | $109.04 | 507 |
| 2018 Q1 | 58,805,345 | $6,398,193,591 | -$121,470,444 | $108.93 | 507 |
| 2017 Q4 | 59,841,052 | $6,626,581,553 | +$515,978,266 | $110.74 | 526 |
| 2017 Q3 | 54,147,064 | $6,003,126,156 | +$611,358,291 | $110.87 | 448 |
| 2017 Q2 | 48,584,249 | $5,350,452,795 | +$291,442,969 | $110.12 | 444 |
| 2017 Q1 | 46,185,994 | $5,031,918,497 | -$190,179,581 | $108.95 | 439 |
| 2016 Q4 | 48,282,519 | $5,224,012,692 | +$690,455,397 | $108.18 | 440 |
| 2016 Q3 | 40,834,547 | $4,603,570,533 | +$204,984,903 | $112.75 | 399 |
| 2016 Q2 | 38,977,518 | $4,440,388,157 | +$447,118,828 | $113.92 | 380 |
| 2016 Q1 | 34,956,546 | $3,902,554,981 | +$242,092,900 | $111.65 | 362 |
| 2015 Q4 | 32,737,258 | $3,624,255,031 | +$437,181,133 | $110.71 | 338 |
| 2015 Q3 | 28,017,273 | $3,068,756,647 | +$79,623,188 | $109.55 | 297 |
| 2015 Q2 | 27,346,331 | $2,959,160,586 | +$318,449,334 | $108.21 | 290 |
| 2015 Q1 | 24,178,974 | $2,673,740,826 | +$294,795,905 | $110.60 | 297 |
| 2014 Q4 | 21,590,571 | $2,382,350,591 | +$225,191,763 | $110.34 | 292 |
| 2014 Q3 | 18,588,456 | $2,038,507,431 | +$213,201,895 | $109.67 | 245 |
| 2014 Q2 | 16,641,020 | $1,806,889,452 | +$129,621,774 | $108.65 | 234 |
| 2014 Q1 | 15,391,130 | $1,646,889,011 | -$91,256,997 | $107.06 | 237 |