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VanEck Intermediate Muni ETF
ITM

128 hedge funds and large institutions have $1.14B invested in VanEck Intermediate Muni ETF in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 54 increasing their positions, 31 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 31

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

19% more capital invested

Capital invested by funds: $955M → $1.14B (+$182M)

3.44% more ownership

Funds ownership: 29.52% → 32.96% (+3.4%)

2% more funds holding

Funds holding: 125 → 128 (+3)

Holders
128
Holders Change
+3
Holders Change %
+2.4%
% of All Funds
3.19%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.15%
New
12
Increased
54
Reduced
31
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$145M
2
CAM
Caprin Asset Management
Virginia
+$43.1M
3
Jane Street
Jane Street
New York
+$4.52M
4
OAM
Oppenheimer Asset Management
New York
+$4.1M
5
CPO
Cerity Partners OCIO
New York
+$2.03M

Top Sellers

Rank Fund Capital Flow
1
HIM
Hanlon Investment Management
New Jersey
-$27.5M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$986K
3
Wells Fargo
Wells Fargo
California
-$880K
4
BWM
Bernicke Wealth Management
Wisconsin
-$812K
5
OFG
OTA Financial Group
New York
-$630K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$2.57M +$301K +6,234 +13%
Comerica Bank
27
Comerica Bank
Texas
$2.42M +$10.3K +214 +0.4%
JFA
28
JNBA Financial Advisors
Minnesota
$2.33M +$49.8K +1,033 +2%
RJA
29
Raymond James & Associates
Florida
$2.31M -$186K -3,859 -7%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$2.27M +$49.5K +1,025 +2%
SSWM
31
Sheets Smith Wealth Management
North Carolina
$2.15M -$241K -5,000 -10%
LP
32
LGL Partners
Pennsylvania
$2.1M -$106K -2,202 -5%
AWM
33
Altavista Wealth Management
North Carolina
$1.99M +$89.7K +1,859 +5%
SFG
34
StrategIQ Financial Group
Indiana
$1.76M +$282K +5,837 +19%
Janney Montgomery Scott
35
Janney Montgomery Scott
Pennsylvania
$1.66M +$284K +5,887 +21%
Lazard Asset Management
36
Lazard Asset Management
New York
$1.66M – – –
SWP
37
Stratos Wealth Partners
Ohio
$1.65M -$118K -2,442 -7%
RCAG
38
Rehmann Capital Advisory Group
Michigan
$1.58M -$64.5K -1,337 -4%
LNC
39
Lincoln National Corp
Pennsylvania
$1.55M +$113K +2,338 +8%
CG
40
Colony Group
Massachusetts
$1.49M +$145 +3 +0%
US Bancorp
41
US Bancorp
Minnesota
$1.34M +$137K +2,834 +11%
SIM
42
Sadoff Investment Management
Wisconsin
$1.32M +$1.32M +27,363 New
AG
43
Advisor Group
Arizona
$1.23M +$149K +3,091 +14%
CAL
44
Capital Analysts LLC
Pennsylvania
$1.21M +$224K +4,642 +23%
AA
45
Alesco Advisors
New York
$1.18M – – –
MML Investors Services
46
MML Investors Services
Massachusetts
$1.14M +$93.7K +1,942 +9%
LTFS
47
Ladenburg Thalmann Financial Services
Florida
$1.1M +$60.4K +1,251 +6%
NCMW
48
Northern Capital Management (Wisconsin)
Wisconsin
$1.09M – – –
EWM
49
Empirical Wealth Management
Washington
$1.02M – – –
FMWA
50
Forvis Mazars Wealth Advisors
Missouri
$1.01M – – –
1
2
3 4 5

ITM Hedge Fund Activity: Q3 2017 in Review

128 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q3 2017, worth a combined $1.14B — up 19% from $955M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new ITM positions and 7 closed out — a net gain of 5 holders — while 54 added to existing stakes and 31 trimmed.

The largest buyer was Bank of America, adding an estimated $145M. The largest seller was Hanlon Investment Management, cutting an estimated $27.5M.

  • 128 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q3 2017, up from 125 in Q2 2017.
  • Funds reported $1.14B of VanEck Intermediate Muni ETF stock for Q3 2017, up 19% quarter-over-quarter.
  • 12 funds opened new VanEck Intermediate Muni ETF positions in Q3 2017 and 7 closed out, a net change of +5 holders.
  • The largest VanEck Intermediate Muni ETF buyer in Q3 2017 was Bank of America, an estimated $145M added.
  • The largest VanEck Intermediate Muni ETF seller in Q3 2017 was Hanlon Investment Management, an estimated $27.5M sold.

Based on aggregated 13F filings for Q3 2017.