VanEck Intermediate Muni ETF
125 hedge funds and large institutions have $955M invested in VanEck Intermediate Muni ETF in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 12 closing their positions.
33% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 12
26% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 35
2% more funds holding
Funds holding: 122 → 125 (+3)
3.08% less ownership
Funds ownership: 32.6% → 29.52% (-3.1%)
6% less capital invested
Capital invested by funds: $1.02B → $955M (-$60.1M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
+$29.9M |
| 2 |
OAM
Oppenheimer Asset Management
New York
|
+$3.01M |
| 3 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
+$2.89M |
| 4 |
G
GenTrust
Miami,
Florida
|
+$2.77M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$70.3M |
| 2 |
CAM
Caprin Asset Management
Henrico,
Virginia
|
-$41.6M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.74M |
| 4 |
Bank of New York Mellon
New York
|
-$3.24M |
| 5 |
Jane Street
New York
|
-$3.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
126
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$4.74M | -101,028 | Closed |
|
|
127
Bank of New York Mellon
New York
| – | -$3.24M | -69,053 | Closed |
|
|
128
Jane Street
New York
| – | -$3.12M | -66,449 | Closed |
|
|
VKH
129
Virtu KCG Holdings
New York
| – | -$1.44M | -30,704 | Closed |
|
|
PCM
130
Prelude Capital Management
New York
| – | -$791K | -16,877 | Closed |
|
131
Citadel Advisors
Miami,
Florida
| – | -$652K | -13,919 | Closed |
|
|
TSS
132
Two Sigma Securities
New York
| – | -$475K | -10,138 | Closed |
|
|
HT
133
Heritage Trust
Oklahoma City,
Oklahoma
| – | -$102K | -2,169 | Closed |
|
|
CAG
134
Crestwood Advisors Group
Boston,
Massachusetts
| – | -$38K | -794 | Closed |
|
135
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$23K | -487 | Closed |
|
|
ACS
136
Archford Capital Strategies
Swansea,
Illinois
| – | -$6K | -139 | Closed |
|
ITM Hedge Fund Activity: Q2 2017 in Review
125 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q2 2017, worth a combined $955M — down 5.9% from $1.02B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new ITM positions and 12 closed out — a net gain of 4 holders — while 44 added to existing stakes and 35 trimmed.
The largest buyer was Hanlon Investment Management, opening a new position worth an estimated $29.9M. The largest seller was Bank of America, cutting an estimated $70.3M.
- 125 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q2 2017, up from 122 in Q1 2017.
- Funds reported $955M of VanEck Intermediate Muni ETF stock for Q2 2017, down 5.9% quarter-over-quarter.
- 16 funds opened new VanEck Intermediate Muni ETF positions in Q2 2017 and 12 closed out, a net change of +4 holders.
- The largest VanEck Intermediate Muni ETF buyer in Q2 2017 was Hanlon Investment Management, an estimated $29.9M added.
- The largest VanEck Intermediate Muni ETF seller in Q2 2017 was Bank of America, an estimated $70.3M sold.
Based on aggregated 13F filings for Q2 2017.