VanEck Intermediate Muni ETF
99 hedge funds and large institutions have $850M invested in VanEck Intermediate Muni ETF in 2016 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 32 reducing their positions, and 18 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 32
3% less capital invested
Capital invested by funds: $875M → $850M (-$24.8M)
3% less funds holding
Funds holding: 102 → 99 (-3)
3.14% less ownership
Funds ownership: 33.04% → 29.9% (-3.1%)
17% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 18
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$13M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$7.39M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.34M |
| 4 |
Jane Street
New York
|
+$3.29M |
| 5 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
+$3.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$41.5M |
| 2 |
Morgan Stanley
New York
|
-$9.61M |
| 3 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$6.86M |
| 4 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$4.33M |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$4.25M |
ITM Hedge Fund Activity: Q1 2016 in Review
99 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q1 2016, worth a combined $850M — down 2.8% from $875M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of ITM and 15 opened new positions — a net loss of 3 holders — while 32 trimmed existing stakes and 37 added.
The largest buyer was Bank of America, adding an estimated $13M. The largest seller was Hanlon Investment Management, exiting entirely with an estimated $41.5M sold.
- 99 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q1 2016, down from 102 in Q4 2015.
- Funds reported $850M of VanEck Intermediate Muni ETF stock for Q1 2016, down 2.8% quarter-over-quarter.
- 15 funds opened new VanEck Intermediate Muni ETF positions in Q1 2016 and 18 closed out, a net change of -3 holders.
- The largest VanEck Intermediate Muni ETF buyer in Q1 2016 was Bank of America, an estimated $13M added.
- The largest VanEck Intermediate Muni ETF seller in Q1 2016 was Hanlon Investment Management, an estimated $41.5M sold.
Based on aggregated 13F filings for Q1 2016.