IQ MacKay California Municipal Intermediate ETF
MMCA
6 hedge funds and large institutions have $17.9M invested in IQ MacKay California Municipal Intermediate ETF in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
20% more funds holding
Funds holding: 5 → 6 (+1)
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
7.33% less ownership
Funds ownership: 78.86% → 71.53% (-7.3%)
29% less capital invested
Capital invested by funds: $25.4M → $17.9M (-$7.49M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
+$10.2M |
| 2 |
WC
Weil Company
San Diego,
California
|
+$1.54M |
| 3 |
Jane Street
New York
|
+$1.23M |
| 4 |
Morgan Stanley
New York
|
+$42 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIC
New York Life Insurance Company
New York
|
-$20.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$202K |
| 3 |
HW
Hamilton Wealth
Encino,
California
|
-$135K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NYLIM
1
New York Life Investment Management
New York
| $10.6M | +$10.2M | +485,049 | New |
|
|
WC
2
Weil Company
San Diego,
California
| $4.48M | +$1.54M | +73,118 | +55% |
|
|
HW
3
Hamilton Wealth
Encino,
California
| $1.31M | -$135K | -6,409 | -10% |
|
|
4
Jane Street
New York
| $1.27M | +$1.23M | +58,159 | New |
|
|
IAIM
5
International Assets Investment Management
Orlando,
Florida
| $287K | – | – | – |
|
|
6
Morgan Stanley
New York
| $64 | +$42 | +2 | New |
|
|
NYLIC
7
New York Life Insurance Company
New York
| – | -$20.8M | -1,000,000 | Closed |
|
|
8
Citadel Advisors
Miami,
Florida
| – | -$202K | -9,711 | Closed |
|
MMCA Hedge Fund Activity: Q4 2023 in Review
6 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in IQ MacKay California Municipal Intermediate ETF (MMCA) for Q4 2023, worth a combined $17.9M — down 29% from $25.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new MMCA positions and 2 closed out — a net gain of 1 holder — while 1 added to existing stakes and 1 trimmed.
The largest buyer was New York Life Investment Management, opening a new position worth an estimated $10.2M. The largest seller was New York Life Insurance Company, exiting entirely with an estimated $20.8M sold.
- 6 institutional investors held IQ MacKay California Municipal Intermediate ETF (MMCA) as of Q4 2023, up from 5 in Q3 2023.
- Funds reported $17.9M of IQ MacKay California Municipal Intermediate ETF stock for Q4 2023, down 29% quarter-over-quarter.
- 3 funds opened new IQ MacKay California Municipal Intermediate ETF positions in Q4 2023 and 2 closed out, a net change of +1 holder.
- The largest IQ MacKay California Municipal Intermediate ETF buyer in Q4 2023 was New York Life Investment Management, an estimated $10.2M added.
- The largest IQ MacKay California Municipal Intermediate ETF seller in Q4 2023 was New York Life Insurance Company, an estimated $20.8M sold.
Based on aggregated 13F filings for Q4 2023.