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VanEck Intermediate Muni ETF

53 hedge funds and large institutions have $287M invested in VanEck Intermediate Muni ETF in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

10% more capital invested

Capital invested by funds: $260M → $287M (+$26.6M)

0.98% more ownership

Funds ownership: 22.8%23.79% (+0.98%)

7% less funds holding

Funds holding: 5753 (-4)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

Holders
53
Holders Change
-4
Holders Change %
-7.02%
% of All Funds
1.53%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
19
Reduced
16
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
B
26
Baird
Wisconsin
$752K -$146K -3,226 -16%
IPC
27
Independent Portfolio Consultants
Florida
$736K +$732K +16,177 New
RCAG
28
Rehmann Capital Advisory Group
Michigan
$650K +$96.1K +2,123 +17%
SMM
29
Stadion Money Management
Georgia
$636K +$633K +13,975 New
AI
30
Atria Investments
North Carolina
$539K -$744K -16,433 -58%
RFS
31
Rockefeller Financial Services
New York
$528K
VFS
32
VSR Financial Services
Kansas
$362K -$9.28K -205 -3%
CPO
33
Cerity Partners OCIO
New York
$357K +$30.2K +667 +9%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$330K -$169K -3,736 -34%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$262K +$40.6K +898 +18%
BRWA
36
B. Riley Wealth Advisors
Florida
$257K
AIG
37
American International Group
New York
$237K -$13.6K -301 -5%
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$233K
AT
39
Arden Trust
Delaware
$216K
ECAM
40
East Coast Asset Management
Massachusetts
$210K
IH
41
IFC Holdings
Florida
$206K +$205K +4,521 New
Creative Planning
42
Creative Planning
Kansas
$133K +$1.13K +25 +0.9%
Invesco
43
Invesco
Georgia
$121K -$5.48K -121 -4%
VIA
44
Vantage Investment Advisors
Pennsylvania
$100K
OIA
45
Optimum Investment Advisors
Illinois
$97K
NES
46
New England Securities
New York
$83K -$9.05K -200 -10%
Citigroup
47
Citigroup
New York
$69K +$22.6K +500 +50%
Barclays
48
Barclays
United Kingdom
$69K +$33.9K +750 +92%
CFA
49
Carroll Financial Associates
North Carolina
$62K +$61.8K +1,365 New
BRWM
50
B. Riley Wealth Management
Tennessee
$55K +$54.7K +1,209 New

ITM Hedge Fund Activity: Q1 2014 in Review

53 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q1 2014, worth a combined $287M — up 10% from $260M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of ITM and 8 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 19 added.

The largest buyer was Bank of America, adding an estimated $17.5M. The largest seller was Susquehanna International Group, cutting an estimated $4.52M.

  • 53 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q1 2014, down from 57 in Q4 2013.
  • Funds reported $287M of VanEck Intermediate Muni ETF stock for Q1 2014, up 10% quarter-over-quarter.
  • 8 funds opened new VanEck Intermediate Muni ETF positions in Q1 2014 and 12 closed out, a net change of -4 holders.
  • The largest VanEck Intermediate Muni ETF buyer in Q1 2014 was Bank of America, an estimated $17.5M added.
  • The largest VanEck Intermediate Muni ETF seller in Q1 2014 was Susquehanna International Group, an estimated $4.52M sold.

Based on aggregated 13F filings for Q1 2014.