VanEck Intermediate Muni ETF
57 hedge funds and large institutions have $260M invested in VanEck Intermediate Muni ETF in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 24 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
6% more funds holding
Funds holding: 54 → 57 (+3)
0.44% more ownership
Funds ownership: 22.36% → 22.8% (+0.44%)
2% less capital invested
Capital invested by funds: $266M → $260M (-$5.2M)
38% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.19M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$5.56M |
| 3 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$2.31M |
| 4 |
BCM
Bluefin Capital Management
New York
|
+$1.36M |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$974K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.08M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$2.96M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.39M |
| 4 |
Morgan Stanley
New York
|
-$2.37M |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$2.24M |
ITM Hedge Fund Activity: Q4 2013 in Review
57 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q4 2013, worth a combined $260M — down 2% from $266M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ITM positions and 5 closed out — a net gain of 4 holders — while 15 added to existing stakes and 24 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $6.19M. The largest seller was Karpus Investment Management, cutting an estimated $3.08M.
- 57 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q4 2013, up from 54 in Q3 2013.
- Funds reported $260M of VanEck Intermediate Muni ETF stock for Q4 2013, down 2% quarter-over-quarter.
- 9 funds opened new VanEck Intermediate Muni ETF positions in Q4 2013 and 5 closed out, a net change of +4 holders.
- The largest VanEck Intermediate Muni ETF buyer in Q4 2013 was Susquehanna International Group, an estimated $6.19M added.
- The largest VanEck Intermediate Muni ETF seller in Q4 2013 was Karpus Investment Management, an estimated $3.08M sold.
Based on aggregated 13F filings for Q4 2013.