VanEck Intermediate Muni ETF
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$17.5M |
| 2 |
Morgan Stanley
New York
|
+$3.95M |
| 3 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$3.71M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$879K |
| 5 |
SHA
Smith Hayes Advisers
Lincoln,
Nebraska
|
+$809K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.52M |
| 2 |
Jane Street
New York
|
-$2.59M |
| 3 |
BCM
Bluefin Capital Management
New York
|
-$1.82M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.34M |
| 5 |
Natixis Advisors
Boston,
Massachusetts
|
-$909K |
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.