VanEck Intermediate Muni ETF
57 hedge funds and large institutions have $260M invested in VanEck Intermediate Muni ETF in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 24 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
6% more funds holding
Funds holding: 54 → 57 (+3)
0.44% more ownership
Funds ownership: 22.36% → 22.8% (+0.44%)
2% less capital invested
Capital invested by funds: $266M → $260M (-$5.2M)
38% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.19M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$5.56M |
| 3 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$2.31M |
| 4 |
BCM
Bluefin Capital Management
New York
|
+$1.36M |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$974K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.08M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$2.96M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.39M |
| 4 |
Morgan Stanley
New York
|
-$2.37M |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$2.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $44K | -$50.5K | -1,135 | -53% |
|
52
Barclays
London,
United Kingdom
| $36K | +$23.5K | +527 | +184% |
|
|
WA
53
WFG Advisors
Dallas,
Texas
| $36K | +$36.3K | +815 | New |
|
|
QCMC
54
Quantum Capital Management (California)
San Francisco,
California
| $33K | – | – | – |
|
|
BC
55
Bartlett & Co
Cincinnati,
Ohio
| $22K | – | – | – |
|
|
ST
56
Smithfield Trust
Pittsburgh,
Pennsylvania
| $13K | – | – | – |
|
57
US Bancorp
Minneapolis,
Minnesota
| $8K | +$7.79K | +175 | New |
|
|
OFG
58
OTA Financial Group
Purchase,
New York
| $963 | +$974K | +21,896 | New |
|
|
59
HighTower Advisors
Chicago,
Illinois
| – | -$2.96M | -66,358 | Closed |
|
60
Northern Trust
Chicago,
Illinois
| – | -$10K | -23,750 | Closed |
|
|
IH
61
IFC Holdings
Tampa,
Florida
| – | -$200K | -4,494 | Closed |
|
|
FNYS
62
First New York Securities
New York
| – | -$89K | -2,000 | Closed |
|
|
PTC
63
Private Trust Company
Cleveland,
Ohio
| – | -$19K | -435 | Closed |
|
ITM Hedge Fund Activity: Q4 2013 in Review
57 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q4 2013, worth a combined $260M — down 2% from $266M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ITM positions and 5 closed out — a net gain of 4 holders — while 15 added to existing stakes and 24 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $6.19M. The largest seller was Karpus Investment Management, cutting an estimated $3.08M.
- 57 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q4 2013, up from 54 in Q3 2013.
- Funds reported $260M of VanEck Intermediate Muni ETF stock for Q4 2013, down 2% quarter-over-quarter.
- 9 funds opened new VanEck Intermediate Muni ETF positions in Q4 2013 and 5 closed out, a net change of +4 holders.
- The largest VanEck Intermediate Muni ETF buyer in Q4 2013 was Susquehanna International Group, an estimated $6.19M added.
- The largest VanEck Intermediate Muni ETF seller in Q4 2013 was Karpus Investment Management, an estimated $3.08M sold.
Based on aggregated 13F filings for Q4 2013.