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VanEck Intermediate Muni ETF
ITM

125 hedge funds and large institutions have $955M invested in VanEck Intermediate Muni ETF in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 12

26% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 35

2% more funds holding

Funds holding: 122 → 125 (+3)

3.08% less ownership

Funds ownership: 32.6% → 29.52% (-3.1%)

6% less capital invested

Capital invested by funds: $1.02B → $955M (-$60.1M)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
125
Holders Change
+3
Holders Change %
+2.46%
% of All Funds
3.12%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
16
Increased
44
Reduced
35
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HIM
Hanlon Investment Management
New Jersey
+$29.9M
2
OAM
Oppenheimer Asset Management
New York
+$3.01M
3
TFA
Transamerica Financial Advisors
Florida
+$2.89M
4
G
GenTrust
Florida
+$2.77M
5
UBS Group
UBS Group
Switzerland
+$2.7M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$70.3M
2
CAM
Caprin Asset Management
Virginia
-$41.6M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.74M
4
Bank of New York Mellon
Bank of New York Mellon
New York
-$3.24M
5
Jane Street
Jane Street
New York
-$3.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
SSWM
26
Sheets Smith Wealth Management
North Carolina
$2.37M +$477K +10,000 +25%
JFA
27
JNBA Financial Advisors
Minnesota
$2.27M – – –
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$2.26M +$49K +1,028 +2%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$2.21M -$203K -4,258 -8%
LP
30
LGL Partners
Pennsylvania
$2.19M +$36.6K +768 +2%
AWM
31
Altavista Wealth Management
North Carolina
$1.89M +$154K +3,223 +9%
SWP
32
Stratos Wealth Partners
Ohio
$1.75M +$145K +3,043 +9%
Lazard Asset Management
33
Lazard Asset Management
New York
$1.65M – – –
RCAG
34
Rehmann Capital Advisory Group
Michigan
$1.64M -$41.9K -879 -3%
CG
35
Colony Group
Massachusetts
$1.48M +$1.47M +30,914 New
SFG
36
StrategIQ Financial Group
Indiana
$1.47M -$113K -2,378 -7%
LNC
37
Lincoln National Corp
Pennsylvania
$1.43M +$577K +12,113 +68%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$1.37M -$37.5K -786 -3%
US Bancorp
39
US Bancorp
Minnesota
$1.2M +$200K +4,199 +20%
AA
40
Alesco Advisors
New York
$1.17M – – –
NCMW
41
Northern Capital Management (Wisconsin)
Wisconsin
$1.08M – – –
AG
42
Advisor Group
Arizona
$1.07M +$56.2K +1,180 +6%
MML Investors Services
43
MML Investors Services
Massachusetts
$1.04M +$1.04M +21,806 New
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$1.04M -$35.8K -751 -3%
EWM
45
Empirical Wealth Management
Washington
$1.01M – – –
FMWA
46
Forvis Mazars Wealth Advisors
Missouri
$1M – – –
CAL
47
Capital Analysts LLC
Pennsylvania
$983K +$97.5K +2,045 +11%
SCA
48
Snowden Capital Advisors
New York
$855K +$188K +3,948 +28%
CWM
49
Cornerstone Wealth Management
Missouri
$834K +$222K +4,659 +36%
FPFS
50
First Personal Financial Services
North Carolina
$807K -$68.3K -1,432 -8%
1
2
3 4 5

ITM Hedge Fund Activity: Q2 2017 in Review

125 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q2 2017, worth a combined $955M — down 5.9% from $1.02B a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new ITM positions and 12 closed out — a net gain of 4 holders — while 44 added to existing stakes and 35 trimmed.

The largest buyer was Hanlon Investment Management, opening a new position worth an estimated $29.9M. The largest seller was Bank of America, cutting an estimated $70.3M.

  • 125 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q2 2017, up from 122 in Q1 2017.
  • Funds reported $955M of VanEck Intermediate Muni ETF stock for Q2 2017, down 5.9% quarter-over-quarter.
  • 16 funds opened new VanEck Intermediate Muni ETF positions in Q2 2017 and 12 closed out, a net change of +4 holders.
  • The largest VanEck Intermediate Muni ETF buyer in Q2 2017 was Hanlon Investment Management, an estimated $29.9M added.
  • The largest VanEck Intermediate Muni ETF seller in Q2 2017 was Bank of America, an estimated $70.3M sold.

Based on aggregated 13F filings for Q2 2017.