VanEck Long Muni ETF
MLN
33 hedge funds and large institutions have $61.6M invested in VanEck Long Muni ETF in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
3% more funds holding
Funds holding: 32 → 33 (+1)
1.58% more ownership
Funds ownership: 41.72% → 43.3% (+1.6%)
21% less capital invested
Capital invested by funds: $77.7M → $61.6M (-$16.1M)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.34M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$2.34M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.2M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.31M |
| 5 |
Bank of New York Mellon
New York
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$11.3M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.38M |
| 3 |
Morgan Stanley
New York
|
-$2.73M |
| 4 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$1.23M |
| 5 |
Jane Street
New York
|
-$778K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Envestnet Asset Management
Chicago,
Illinois
| $189K | -$42.3K | -2,146 | -18% |
|
|
CFS
27
Commonwealth Financial Services
Vienna,
West Virginia
| $106K | – | – | – |
|
|
JIR
28
James Investment Research
Alpha,
Ohio
| $97K | – | – | – |
|
29
Bank of Montreal
Toronto,
Ontario, Canada
| $8K | – | – | – |
|
|
GWM
30
Geneos Wealth Management
Englewood,
Colorado
| $8K | +$59 | +3 | +0.7% |
|
|
IWM
31
IHT Wealth Management
Chicago,
Illinois
| $5K | +$5.13K | +260 | New |
|
32
Creative Planning
Overland Park,
Kansas
| $2K | – | – | – |
|
|
33
Jane Street
New York
| – | -$778K | -37,398 | Closed |
|
34
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$512K | -24,587 | Closed |
|
35
Citadel Advisors
Miami,
Florida
| – | -$465K | -22,326 | Closed |
|
36
HighTower Advisors
Chicago,
Illinois
| – | -$304K | -14,577 | Closed |
|
|
NFG
37
Next Financial Group
Houston,
Texas
| – | -$60K | -2,870 | Closed |
|
MLN Hedge Fund Activity: Q4 2016 in Review
33 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in VanEck Long Muni ETF (MLN) for Q4 2016, worth a combined $61.6M — down 21% from $77.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MLN positions and 5 closed out — a net gain of 1 holder — while 9 added to existing stakes and 12 trimmed.
The largest buyer was Bank of America, adding an estimated $3.34M. The largest seller was Wells Fargo, cutting an estimated $11.3M.
- 33 institutional investors held VanEck Long Muni ETF (MLN) as of Q4 2016, up from 32 in Q3 2016.
- Funds reported $61.6M of VanEck Long Muni ETF stock for Q4 2016, down 21% quarter-over-quarter.
- 6 funds opened new VanEck Long Muni ETF positions in Q4 2016 and 5 closed out, a net change of +1 holder.
- The largest VanEck Long Muni ETF buyer in Q4 2016 was Bank of America, an estimated $3.34M added.
- The largest VanEck Long Muni ETF seller in Q4 2016 was Wells Fargo, an estimated $11.3M sold.
Based on aggregated 13F filings for Q4 2016.