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VanEck Intermediate Muni ETF

65 hedge funds and large institutions have $412M invested in VanEck Intermediate Muni ETF in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 32 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 12

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

16% more capital invested

Capital invested by funds: $356M → $412M (+$56M)

7% more funds holding

Funds holding: 6165 (+4)

0.94% more ownership

Funds ownership: 26.62%27.56% (+0.94%)

Holders
65
Holders Change
+4
Holders Change %
+6.56%
% of All Funds
1.89%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
32
Reduced
12
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$216M -$7.54M -161,518 -3%
MAA
2
Managed Account Advisors
New Jersey
$57.4M +$34.8M +745,624 +156%
Morgan Stanley
3
Morgan Stanley
New York
$24.1M +$307K +6,577 +1%
Natixis Advisors
4
Natixis Advisors
Massachusetts
$15.2M +$6.24M +133,813 +70%
Wells Fargo
5
Wells Fargo
California
$14.3M +$573K +12,280 +4%
U
6
UBS
Switzerland
$14.2M +$608K +13,040 +4%
CS
7
Credit Suisse
Switzerland
$8.7M +$7.47M +160,185 +635%
RJA
8
Raymond James & Associates
Florida
$8.59M +$1.09M +23,371 +15%
BTS
9
BB&T Securities
Virginia
$7.44M +$409K +8,768 +124%
LPL Financial
10
LPL Financial
California
$7.05M +$971K +20,804 +16%
Stifel Financial
11
Stifel Financial
Missouri
$4.05M +$555K +11,900 +16%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$3.75M +$325K +6,968 +10%
Comerica Bank
13
Comerica Bank
Texas
$3M +$380K +8,139 +15%
BKBG
14
BHF Kleinwort Benson Group
Belgium
$2.06M
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$1.49M +$131K +2,808 +10%
EWM
16
Empirical Wealth Management
Washington
$1.43M +$560 +12 +0%
UCFA
17
United Capital Financial Advisors
Texas
$1.42M +$54.1K +1,159 +4%
First Trust Advisors
18
First Trust Advisors
Illinois
$1.41M +$117K +2,514 +9%
FM
19
Foster & Motley
Ohio
$1.41M -$24.2K -519 -2%
JIC
20
Johnson Investment Counsel
Ohio
$1.3M +$1.3M +27,788 New
Ameriprise
21
Ameriprise
Minnesota
$1.19M +$189K +4,042 +19%
AIG
22
American International Group
New York
$1.15M +$867K +18,582 +309%
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$1.15M +$38K +815 +3%
AWM
24
Altavista Wealth Management
North Carolina
$1.11M +$30.8K +660 +3%
DD
25
Dominick & Dominick
New York
$997K

ITM Hedge Fund Activity: Q3 2014 in Review

65 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q3 2014, worth a combined $412M — up 16% from $356M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new ITM positions and 4 closed out — a net gain of 4 holders — while 32 added to existing stakes and 12 trimmed.

The largest buyer was Managed Account Advisors, adding an estimated $34.8M. The largest seller was Bank of America, cutting an estimated $7.54M.

  • 65 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q3 2014, up from 61 in Q2 2014.
  • Funds reported $412M of VanEck Intermediate Muni ETF stock for Q3 2014, up 16% quarter-over-quarter.
  • 8 funds opened new VanEck Intermediate Muni ETF positions in Q3 2014 and 4 closed out, a net change of +4 holders.
  • The largest VanEck Intermediate Muni ETF buyer in Q3 2014 was Managed Account Advisors, an estimated $34.8M added.
  • The largest VanEck Intermediate Muni ETF seller in Q3 2014 was Bank of America, an estimated $7.54M sold.

Based on aggregated 13F filings for Q3 2014.