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VanEck Intermediate Muni ETF
ITM

65 hedge funds and large institutions have $412M invested in VanEck Intermediate Muni ETF in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 32 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 12

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

16% more capital invested

Capital invested by funds: $356M → $412M (+$56M)

7% more funds holding

Funds holding: 61 → 65 (+4)

0.94% more ownership

Funds ownership: 26.62% → 27.56% (+0.94%)

Holders
65
Holders Change
+4
Holders Change %
+6.56%
% of All Funds
1.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
32
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MAA
Managed Account Advisors
New Jersey
+$34.8M
2
CS
Credit Suisse
Switzerland
+$7.47M
3
Natixis Advisors
Natixis Advisors
Massachusetts
+$6.24M
4
JIC
Johnson Investment Counsel
Ohio
+$1.3M
5
RJA
Raymond James & Associates
Florida
+$1.09M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$7.54M
2
Jane Street
Jane Street
New York
-$1.54M
3
IPC
Independent Portfolio Consultants
Florida
-$269K
4
BRWA
B. Riley Wealth Advisors
Florida
-$264K
5
VKH
Virtu KCG Holdings
New York
-$227K
Name Holding Trade Value Shares
Change 		Change in
Stake
VC
26
Vicus Capital
Pennsylvania
$989K +$161K +3,461 +20%
SWP
27
Stratos Wealth Partners
Ohio
$947K +$942K +20,183 New
SHA
28
Smith Hayes Advisers
Nebraska
$859K +$14.1K +302 +2%
RCAG
29
Rehmann Capital Advisory Group
Michigan
$806K +$79.3K +1,700 +11%
Lazard Asset Management
30
Lazard Asset Management
New York
$785K – – –
B
31
Baird
Wisconsin
$777K -$12.3K -264 -2%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$615K +$42.3K +906 +7%
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$579K +$99.8K +2,140 +21%
RFS
34
Rockefeller Financial Services
New York
$543K – – –
IPC
35
Independent Portfolio Consultants
Florida
$443K -$269K -5,760 -38%
BC
36
Brinker Capital
Pennsylvania
$432K +$429K +9,199 New
VFS
37
VSR Financial Services
Kansas
$373K – – –
CPO
38
Cerity Partners OCIO
New York
$353K -$35.2K -754 -9%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$341K +$69.4K +1,487 +26%
HR
40
Howe & Rusling
New York
$340K -$3.03K -65 -0.9%
JIR
41
James Investment Research
Ohio
$313K +$242K +5,179 +345%
NPC
42
National Planning Corporation
California
$279K +$1.26K +27 +0.5%
BRWA
43
B. Riley Wealth Advisors
Florida
$265K -$264K -5,650 -50%
AT
44
Arden Trust
Delaware
$222K – – –
SMM
45
Stadion Money Management
Georgia
$219K -$90.2K -1,933 -29%
ECAM
46
East Coast Asset Management
Massachusetts
$217K – – –
Invesco
47
Invesco
Georgia
$119K -$1.4K -30 -1%
NFG
48
Next Financial Group
Texas
$116K +$110K +2,364 +2,230%
Barclays
49
Barclays
United Kingdom
$113K +$27.2K +582 +31%
VIA
50
Vantage Investment Advisors
Pennsylvania
$103K – – –
1
2
3

ITM Hedge Fund Activity: Q3 2014 in Review

65 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q3 2014, worth a combined $412M — up 16% from $356M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new ITM positions and 4 closed out — a net gain of 4 holders — while 32 added to existing stakes and 12 trimmed.

The largest buyer was Managed Account Advisors, adding an estimated $34.8M. The largest seller was Bank of America, cutting an estimated $7.54M.

  • 65 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q3 2014, up from 61 in Q2 2014.
  • Funds reported $412M of VanEck Intermediate Muni ETF stock for Q3 2014, up 16% quarter-over-quarter.
  • 8 funds opened new VanEck Intermediate Muni ETF positions in Q3 2014 and 4 closed out, a net change of +4 holders.
  • The largest VanEck Intermediate Muni ETF buyer in Q3 2014 was Managed Account Advisors, an estimated $34.8M added.
  • The largest VanEck Intermediate Muni ETF seller in Q3 2014 was Bank of America, an estimated $7.54M sold.

Based on aggregated 13F filings for Q3 2014.