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VanEck Intermediate Muni ETF
ITM

53 hedge funds and large institutions have $287M invested in VanEck Intermediate Muni ETF in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

10% more capital invested

Capital invested by funds: $260M → $287M (+$26.6M)

0.98% more ownership

Funds ownership: 22.8% → 23.79% (+0.98%)

7% less funds holding

Funds holding: 57 → 53 (-4)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

Holders
53
Holders Change
-4
Holders Change %
-7.02%
% of All Funds
1.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
19
Reduced
16
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$17.5M
2
Morgan Stanley
Morgan Stanley
New York
+$3.95M
3
MAA
Managed Account Advisors
New Jersey
+$3.71M
4
RJA
Raymond James & Associates
Florida
+$879K
5
SHA
Smith Hayes Advisers
Nebraska
+$809K

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.52M
2
Jane Street
Jane Street
New York
-$2.59M
3
BCM
Bluefin Capital Management
New York
-$1.82M
4
LPL Financial
LPL Financial
California
-$1.34M
5
Natixis Advisors
Natixis Advisors
Massachusetts
-$909K
Name Holding Trade Value Shares
Change 		Change in
Stake
MFS
51
MSI Financial Services
Massachusetts
$23K -$25.4K -561 -52%
BC
52
Bartlett & Co
Ohio
$23K – – –
US Bancorp
53
US Bancorp
Minnesota
$8K – – –
ACS
54
Archford Capital Strategies
Illinois
$6.31K +$6.29K +139 New
Jane Street
55
Jane Street
New York
– -$2.59M -58,959 Closed
BCM
56
Bluefin Capital Management
New York
– -$1.82M -41,277 Closed
OFG
57
OTA Financial Group
New York
– -$963 -21,896 Closed
BC
58
Brinker Capital
Pennsylvania
– -$751K -17,080 Closed
KIM
59
Karpus Investment Management
New York
– -$436K -9,914 Closed
VKH
60
Virtu KCG Holdings
New York
– -$410K -9,325 Closed
HR
61
Howe & Rusling
New York
– -$331K -7,518 Closed
KFS
62
KMS Financial Services
Washington
– -$246K -5,580 Closed
NC
63
NewSquare Capital
Pennsylvania
– -$72K -1,641 Closed
WA
64
WFG Advisors
Texas
– -$36K -815 Closed
QCMC
65
Quantum Capital Management (California)
California
– -$33K -750 Closed
ST
66
Smithfield Trust
Pennsylvania
– -$13K -289 Closed
1 2
3

ITM Hedge Fund Activity: Q1 2014 in Review

53 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q1 2014, worth a combined $287M — up 10% from $260M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of ITM and 8 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 19 added.

The largest buyer was Bank of America, adding an estimated $17.5M. The largest seller was Susquehanna International Group, cutting an estimated $4.52M.

  • 53 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q1 2014, down from 57 in Q4 2013.
  • Funds reported $287M of VanEck Intermediate Muni ETF stock for Q1 2014, up 10% quarter-over-quarter.
  • 8 funds opened new VanEck Intermediate Muni ETF positions in Q1 2014 and 12 closed out, a net change of -4 holders.
  • The largest VanEck Intermediate Muni ETF buyer in Q1 2014 was Bank of America, an estimated $17.5M added.
  • The largest VanEck Intermediate Muni ETF seller in Q1 2014 was Susquehanna International Group, an estimated $4.52M sold.

Based on aggregated 13F filings for Q1 2014.