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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.

New
Increased
Maintained
Reduced
Closed

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: 6878 (+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: 21 (-1)

Holders
78
Holders Change
+10
Holders Change %
+14.71%
% of All Funds
2.08%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
18
Increased
23
Reduced
23
Closed
6
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
$232M +$123M +2,578,822 +112%
MAA
2
Managed Account Advisors
New Jersey
$180M +$79.1M +1,661,790 +78%
BTS
3
BB&T Securities
Virginia
$37.3M +$1.11M +23,245 +42%
Morgan Stanley
4
Morgan Stanley
New York
$26.9M +$1.47M +30,829 +6%
UBS Group
5
UBS Group
Switzerland
$16.7M +$661K +13,890 +4%
Natixis Advisors
6
Natixis Advisors
Massachusetts
$16M -$3.73M -78,335 -19%
Wells Fargo
7
Wells Fargo
California
$15.8M -$1.15M -24,125 -7%
RJA
8
Raymond James & Associates
Florida
$13.7M +$3.74M +78,490 +37%
LPL Financial
9
LPL Financial
California
$9.05M +$3.53M +74,190 +64%
Envestnet Asset Management
10
Envestnet Asset Management
Illinois
$6.27M +$2.53M +53,213 +68%
JCM
11
Janney Capital Management
Pennsylvania
$5.4M +$5.4M +113,411 New
Stifel Financial
12
Stifel Financial
Missouri
$4.67M +$347K +7,288 +8%
BWM
13
Bernicke Wealth Management
Wisconsin
$3.81M +$922K +19,379 +32%
Ameriprise
14
Ameriprise
Minnesota
$3.81M +$2.36M +49,562 +163%
BKBG
15
BHF Kleinwort Benson Group
Belgium
$3.62M -$461K -9,680 -22%
Comerica Bank
16
Comerica Bank
Texas
$2.46M -$1.91M -40,178 -44%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$2.42M +$123K +2,588 +5%
CS
18
Credit Suisse
Switzerland
$1.49M -$4.91M -103,264 -77%
FMWA
19
Forvis Mazars Wealth Advisors
Missouri
$1.46M +$1.46M +30,720 New
EWM
20
Empirical Wealth Management
Washington
$1.44M -$16.1K -338 -1%
AWM
21
Altavista Wealth Management
North Carolina
$1.38M -$88.9K -1,867 -6%
IWMPD
22
Integrated Wealth Management (Palm Desert)
California
$1.26M +$1.26M +26,412 New
First Trust Advisors
23
First Trust Advisors
Illinois
$1.19M -$370K -7,765 -24%
Lazard Asset Management
24
Lazard Asset Management
New York
$1.17M
Janney Montgomery Scott
25
Janney Montgomery Scott
Pennsylvania
$1.15M -$117K -2,460 -9%

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.