Independent Portfolio Consultants’s VanEck Short Muni ETF SMB Stock Holding History

Independent Portfolio Consultants’s Portfolio SMB Stock Details SMB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-89,005	Closed	-$1.56M	–	799
2015 Q3	$1.56M	Sell	89,005 -990	-1%	-$17.3K	0.34%	95
2015 Q2	$1.56M	Sell	89,995 -190	-0.2%	-$3.31K	0.31%	105
2015 Q1	$1.58M	Sell	90,185 -8,255	-8%	-$145K	0.32%	108
2014 Q4	$1.73M	Sell	98,440 -415	-0.4%	-$7.31K	0.35%	103
2014 Q3	$1.75M	Buy	98,855 +24,605	+33%	+$434K	0.47%	41
2014 Q2	$1.31M	Sell	74,250 -4,785	-6%	-$84.2K	0.37%	55
2014 Q1	$1.39M	Buy	+79,035	New	+$1.39M	0.44%	47

Other funds holding SMB

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Natixis Advisors Boston, Massachusetts $71.9B AUM 28.03% 1-Year Est. Return

EWMCB

EisnerAmper Wealth Management Corporate Benefits Iselin, New Jersey $274M AUM 12.56% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

MMA

Miracle Mile Advisors Los Angeles, California $7.29B AUM 16.22% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Independent Portfolio Consultants's SMB Position: Q4 2015 in Review

Independent Portfolio Consultants sold out of VanEck Short Muni ETF (SMB) in Q4 2015, closing a stake of 89,005 shares — an estimated $1.56M sold.

Independent Portfolio Consultants first reported a position in SMB in Q1 2014 and held it in 7 quarters. The position peaked at $1.75M in Q3 2014. 46 funds tracked by Wall St. Rank hold SMB as of Q4 2015.

Independent Portfolio Consultants reported no remaining VanEck Short Muni ETF position as of Q4 2015 after selling out during the quarter.
Independent Portfolio Consultants sold 89,005 VanEck Short Muni ETF shares in Q4 2015, an estimated $1.56M.
Independent Portfolio Consultants first reported a position in VanEck Short Muni ETF in Q1 2014 and held it in 7 quarters.
Independent Portfolio Consultants's VanEck Short Muni ETF position peaked at $1.75M in Q3 2014.
46 funds tracked by Wall St. Rank held VanEck Short Muni ETF as of Q4 2015.

Based on Independent Portfolio Consultants's 13F filing for Q4 2015, filed 12 Jan 2016.