VanEck Intermediate Muni ETF
54 hedge funds and large institutions have $266M invested in VanEck Intermediate Muni ETF in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 25 reducing their positions, and 11 closing their positions.
0.2% more ownership
Funds ownership: 22.17% → 22.36% (+0.2%)
7% less funds holding
Funds holding: 58 → 54 (-4)
12% less capital invested
Capital invested by funds: $302M → $266M (-$36.6M)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
68% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$3.35M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$1.04M |
| 3 |
AWM
Altavista Wealth Management
Asheville,
North Carolina
|
+$898K |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$523K |
| 5 |
LPL Financial
San Diego,
California
|
+$506K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$15.7M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.55M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$4.65M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$3.91M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.79M |
ITM Hedge Fund Activity: Q3 2013 in Review
54 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q3 2013, worth a combined $266M — down 12% from $302M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of ITM and 8 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 8 added.
The largest buyer was Jane Street, opening a new position worth an estimated $3.35M. The largest seller was Bank of America, cutting an estimated $15.7M.
- 54 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q3 2013, down from 58 in Q2 2013.
- Funds reported $266M of VanEck Intermediate Muni ETF stock for Q3 2013, down 12% quarter-over-quarter.
- 8 funds opened new VanEck Intermediate Muni ETF positions in Q3 2013 and 11 closed out, a net change of -3 holders.
- The largest VanEck Intermediate Muni ETF buyer in Q3 2013 was Jane Street, an estimated $3.35M added.
- The largest VanEck Intermediate Muni ETF seller in Q3 2013 was Bank of America, an estimated $15.7M sold.
Based on aggregated 13F filings for Q3 2013.