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VanEck Intermediate Muni ETF
ITM

54 hedge funds and large institutions have $266M invested in VanEck Intermediate Muni ETF in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.2% more ownership

Funds ownership: 22.17% → 22.36% (+0.2%)

7% less funds holding

Funds holding: 58 → 54 (-4)

12% less capital invested

Capital invested by funds: $302M → $266M (-$36.6M)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

68% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 25

Holders
54
Holders Change
-4
Holders Change %
-6.9%
% of All Funds
1.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
8
Reduced
25
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$3.35M
2
Northern Trust
Northern Trust
Illinois
+$1.04M
3
AWM
Altavista Wealth Management
North Carolina
+$898K
4
AI
Atria Investments
North Carolina
+$523K
5
LPL Financial
LPL Financial
California
+$506K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$15.7M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$5.55M
3
Wells Fargo
Wells Fargo
California
-$4.65M
4
CS
Credit Suisse
Switzerland
-$3.91M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
VKH
26
Virtu KCG Holdings
New York
$602K +$590K +13,489 New
RCAG
27
Rehmann Capital Advisory Group
Michigan
$588K +$14.1K +323 +3%
RFS
28
Rockefeller Financial Services
New York
$517K – – –
BCM
29
Bluefin Capital Management
New York
$500K +$469K +10,711 New
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$494K -$489K -11,186 -50%
VFS
31
VSR Financial Services
Kansas
$347K -$9.19K -210 -3%
CPO
32
Cerity Partners OCIO
New York
$331K -$16.1K -368 -5%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$328K -$5.55M -126,746 -95%
BRWA
34
B. Riley Wealth Advisors
Florida
$252K – – –
KFS
35
KMS Financial Services
Washington
$249K – – –
ECAM
36
East Coast Asset Management
Massachusetts
$239K -$27.3K -625 -10%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$235K +$3.68K +84 +2%
AT
38
Arden Trust
Delaware
$212K – – –
IH
39
IFC Holdings
Florida
$200K +$197K +4,494 New
HR
40
Howe & Rusling
New York
$196K -$116K -2,653 -38%
AIG
41
American International Group
New York
$186K -$63.3K -1,447 -26%
Invesco
42
Invesco
Georgia
$136K -$20.7K -472 -13%
Creative Planning
43
Creative Planning
Kansas
$119K – – –
Citigroup
44
Citigroup
New York
$96K – – –
OIA
45
Optimum Investment Advisors
Illinois
$95K +$92.9K +2,123 New
FNYS
46
First New York Securities
New York
$89K – – –
NC
47
NewSquare Capital
Pennsylvania
$83K -$10.8K -247 -12%
MFS
48
MSI Financial Services
Massachusetts
$52K -$231K -5,268 -82%
QCMC
49
Quantum Capital Management (California)
California
$33K +$32.8K +750 New
BC
50
Bartlett & Co
Ohio
$22K – – –
1
2
3

ITM Hedge Fund Activity: Q3 2013 in Review

54 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q3 2013, worth a combined $266M — down 12% from $302M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of ITM and 8 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 8 added.

The largest buyer was Jane Street, opening a new position worth an estimated $3.35M. The largest seller was Bank of America, cutting an estimated $15.7M.

  • 54 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q3 2013, down from 58 in Q2 2013.
  • Funds reported $266M of VanEck Intermediate Muni ETF stock for Q3 2013, down 12% quarter-over-quarter.
  • 8 funds opened new VanEck Intermediate Muni ETF positions in Q3 2013 and 11 closed out, a net change of -3 holders.
  • The largest VanEck Intermediate Muni ETF buyer in Q3 2013 was Jane Street, an estimated $3.35M added.
  • The largest VanEck Intermediate Muni ETF seller in Q3 2013 was Bank of America, an estimated $15.7M sold.

Based on aggregated 13F filings for Q3 2013.