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iShares US Broker-Dealers & Securities Exchanges ETF
IAI

64 hedge funds and large institutions have $122M invested in iShares US Broker-Dealers & Securities Exchanges ETF in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 15 increasing their positions, 23 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.56% less ownership

Funds ownership: 62.57% → 56.01% (-6.6%)

7% less funds holding

Funds holding: 69 → 64 (-5)

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

35% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 23

37% less capital invested

Capital invested by funds: $194M → $122M (-$71.4M)

Holders
64
Holders Change
-5
Holders Change %
-7.25%
% of All Funds
1.43%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
15
Reduced
23
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFI
SPC Financial Inc
Maryland
+$11.7M
2
Citadel Advisors
Citadel Advisors
Florida
+$3.62M
3
Bank of America
Bank of America
North Carolina
+$3.59M
4
ASN
Advisory Services Network
Georgia
+$1.41M
5
JP Morgan Chase
JP Morgan Chase
New York
+$1.37M

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$24.6M
2
MIH
Meitav Investment House
Israel
-$12.9M
3
BAAM
Baker Avenue Asset Management
California
-$8.89M
4
BCM
Barometer Capital Management
Ontario, Canada
-$5.89M
5
MWM
MinichMacGregor Wealth Management
New York
-$5.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
$38K -$24.6M -410,244 -100%
GRP
52
Global Retirement Partners
California
$29K +$299 +5 +1%
BDWM
53
Brewin Dolphin Wealth Management
Ireland
$25.8K – – –
CAPTRUST Financial Advisors
54
CAPTRUST Financial Advisors
North Carolina
$25K – – –
VNA
55
Valley National Advisers
Pennsylvania
$21K – – –
POIA
56
Pin Oak Investment Advisors
Texas
$17K +$180 +3 +1%
PNC Financial Services Group
57
PNC Financial Services Group
Pennsylvania
$14K – – –
PAI
58
Pittenger & Anderson Inc
Nebraska
$10K – – –
FDCDDQ
59
Federation des caisses Desjardins du Quebec
Quebec, Canada
$7K – – –
Carson Wealth (CWM LLC)
60
Carson Wealth (CWM LLC)
Nebraska
$3K – – –
PFGIA
61
Patriot Financial Group Insurance Agency
Massachusetts
$1K – – –
BAAM
62
Baker Avenue Asset Management
California
– -$8.89M -142,913 Closed
MWM
63
MinichMacGregor Wealth Management
New York
– -$5.45M -87,464 Closed
CWM
64
Cornerstone Wealth Management
Missouri
– -$1.15M -66,532 Closed
PAG
65
Private Advisor Group
New Jersey
– -$2.16M -34,722 Closed
LJAC
66
L.J. Altfest & Co
New York
– -$1.13M -18,219 Closed
FAAS
67
First Allied Advisory Services
California
– -$880K -14,182 Closed
CIBC World Market
68
CIBC World Market
Ontario, Canada
– -$509K -8,185 Closed
VAM
69
Visionary Asset Management
Texas
– -$328K -5,255 Closed
DG
70
Delek Group
Israel
– -$312K -5,025 Closed
CI
71
Cavalier Investments
Georgia
– -$283K -4,554 Closed
CFGS
72
Concourse Financial Group Securities
Alabama
– -$117K -1,953 Closed
APA
73
American Portfolios Advisors
New York
– -$66.4K -1,067 Closed
SPIA
74
Steward Partners Investment Advisory
New York
– -$44K -700 Closed
WSTAM
75
Wilbanks Smith & Thomas Asset Management
Virginia
– -$25K -400 Closed
1 2
3
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IAI Hedge Fund Activity: Q4 2018 in Review

64 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in iShares US Broker-Dealers & Securities Exchanges ETF (IAI) for Q4 2018, worth a combined $122M — down 37% from $194M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of IAI and 15 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 15 added.

The largest buyer was SPC Financial Inc, opening a new position worth an estimated $11.7M. The largest seller was Bank of Montreal, cutting an estimated $24.6M.

  • 64 institutional investors held iShares US Broker-Dealers & Securities Exchanges ETF (IAI) as of Q4 2018, down from 69 in Q3 2018.
  • Funds reported $122M of iShares US Broker-Dealers & Securities Exchanges ETF stock for Q4 2018, down 37% quarter-over-quarter.
  • 15 funds opened new iShares US Broker-Dealers & Securities Exchanges ETF positions in Q4 2018 and 20 closed out, a net change of -5 holders.
  • The largest iShares US Broker-Dealers & Securities Exchanges ETF buyer in Q4 2018 was SPC Financial Inc, an estimated $11.7M added.
  • The largest iShares US Broker-Dealers & Securities Exchanges ETF seller in Q4 2018 was Bank of Montreal, an estimated $24.6M sold.

Based on aggregated 13F filings for Q4 2018.