VanEck Intermediate Muni ETF
78 hedge funds and large institutions have $609M invested in VanEck Intermediate Muni ETF in 2015 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 23 reducing their positions, and 6 closing their positions.
200% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 6
55% more capital invested
Capital invested by funds: $394M → $609M (+$215M)
15% more funds holding
Funds holding: 68 → 78 (+10)
7.03% more ownership
Funds ownership: 21.96% → 28.99% (+7%)
0% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 23
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$123M |
| 2 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$79.1M |
| 3 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
+$5.4M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$3.74M |
| 5 |
LPL Financial
San Diego,
California
|
+$3.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$6.76M |
| 2 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$6.68M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$4.91M |
| 4 |
Natixis Advisors
Boston,
Massachusetts
|
-$3.73M |
| 5 |
Comerica Bank
Dallas,
Texas
|
-$1.91M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACS
76
Archford Capital Strategies
Swansea,
Illinois
| $6.59K | – | – | – |
|
|
VC
77
Vicus Capital
State College,
Pennsylvania
| $2K | +$309K | +6,496 | +18% |
|
78
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $10 | +$10.1K | +212 | New |
|
|
HIM
79
Hanlon Investment Management
Egg Harbor Township,
New Jersey
| – | -$6.76M | -142,835 | Closed |
|
|
BC
80
Brinker Capital
Berwyn,
Pennsylvania
| – | -$703K | -14,852 | Closed |
|
81
Jane Street
New York
| – | -$364K | -7,687 | Closed |
|
|
AT
82
Arden Trust
Wilmington,
Delaware
| – | -$224K | -4,739 | Closed |
|
|
PMFA
83
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$8K | -179 | Closed |
|
|
NFG
84
Next Financial Group
Houston,
Texas
| – | -$6K | -127 | Closed |
|
ITM Hedge Fund Activity: Q1 2015 in Review
78 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q1 2015, worth a combined $609M — up 55% from $394M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new ITM positions and 6 closed out — a net gain of 12 holders — while 23 added to existing stakes and 23 trimmed.
The largest buyer was Bank of America, adding an estimated $123M. The largest seller was Hanlon Investment Management, exiting entirely with an estimated $6.76M sold.
- 78 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q1 2015, up from 68 in Q4 2014.
- Funds reported $609M of VanEck Intermediate Muni ETF stock for Q1 2015, up 55% quarter-over-quarter.
- 18 funds opened new VanEck Intermediate Muni ETF positions in Q1 2015 and 6 closed out, a net change of +12 holders.
- The largest VanEck Intermediate Muni ETF buyer in Q1 2015 was Bank of America, an estimated $123M added.
- The largest VanEck Intermediate Muni ETF seller in Q1 2015 was Hanlon Investment Management, an estimated $6.76M sold.
Based on aggregated 13F filings for Q1 2015.