VanEck Intermediate Muni ETF
125 hedge funds and large institutions have $910M invested in VanEck Intermediate Muni ETF in 2016 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 27 increasing their positions, 47 reducing their positions, and 11 closing their positions.
182% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 11
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
19% more funds holding
Funds holding: 105 → 125 (+20)
0.42% less ownership
Funds ownership: 30.95% → 30.54% (-0.42%)
9% less capital invested
Capital invested by funds: $1.01B → $910M (-$95M)
43% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$14.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$12.1M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$11.8M |
| 4 |
SIM
Sigma Investment Management
Portland,
Oregon
|
+$6.04M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$5.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$75.8M |
| 2 |
CAM
Caprin Asset Management
Henrico,
Virginia
|
-$10.2M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$6.77M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.37M |
| 5 |
LPL Financial
San Diego,
California
|
-$2.64M |
ITM Hedge Fund Activity: Q4 2016 in Review
125 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in VanEck Intermediate Muni ETF (ITM) for Q4 2016, worth a combined $910M — down 9.4% from $1.01B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new ITM positions and 11 closed out — a net gain of 20 holders — while 27 added to existing stakes and 47 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $14.2M. The largest seller was Bank of America, cutting an estimated $75.8M.
- 125 institutional investors held VanEck Intermediate Muni ETF (ITM) as of Q4 2016, up from 105 in Q3 2016.
- Funds reported $910M of VanEck Intermediate Muni ETF stock for Q4 2016, down 9.4% quarter-over-quarter.
- 31 funds opened new VanEck Intermediate Muni ETF positions in Q4 2016 and 11 closed out, a net change of +20 holders.
- The largest VanEck Intermediate Muni ETF buyer in Q4 2016 was Susquehanna International Group, an estimated $14.2M added.
- The largest VanEck Intermediate Muni ETF seller in Q4 2016 was Bank of America, an estimated $75.8M sold.
Based on aggregated 13F filings for Q4 2016.