IQ MacKay Municipal Intermediate ETF
MMIT
26 hedge funds and large institutions have $77.1M invested in IQ MacKay Municipal Intermediate ETF in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 1 reducing their positions, and 2 closing their positions.
1,200% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 1
450% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 2
53% more funds holding
Funds holding: 17 → 26 (+9)
36% more capital invested
Capital invested by funds: $56.7M → $77.1M (+$20.4M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6.22% less ownership
Funds ownership: 78.52% → 72.3% (-6.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$23.5M |
| 2 |
Jane Street
New York
|
+$5.7M |
| 3 |
SCA
Snowden Capital Advisors
New York
|
+$3.8M |
| 4 |
SDWMA
Schneider Downs Wealth Management Advisors
Pittsburgh,
Pennsylvania
|
+$1.85M |
| 5 |
Morgan Stanley
New York
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$22.4M |
| 2 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$602K |
| 3 |
PWMG
Prestige Wealth Management Group
Flemington,
New Jersey
|
-$441K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $40K | +$40K | +1,497 | New |
|
|
MSL
27
Mackay Shields LLC
New York
| – | -$22.4M | -836,150 | Closed |
|
|
MA
28
Mutual Advisors
Omaha,
Nebraska
| – | -$602K | -22,534 | Closed |
|
MMIT Hedge Fund Activity: Q1 2021 in Review
26 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in IQ MacKay Municipal Intermediate ETF (MMIT) for Q1 2021, worth a combined $77.1M — up 36% from $56.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MMIT positions and 2 closed out — a net gain of 9 holders — while 13 added to existing stakes and 1 trimmed.
The largest buyer was Bank of America, opening a new position worth an estimated $23.5M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $22.4M sold.
- 26 institutional investors held IQ MacKay Municipal Intermediate ETF (MMIT) as of Q1 2021, up from 17 in Q4 2020.
- Funds reported $77.1M of IQ MacKay Municipal Intermediate ETF stock for Q1 2021, up 36% quarter-over-quarter.
- 11 funds opened new IQ MacKay Municipal Intermediate ETF positions in Q1 2021 and 2 closed out, a net change of +9 holders.
- The largest IQ MacKay Municipal Intermediate ETF buyer in Q1 2021 was Bank of America, an estimated $23.5M added.
- The largest IQ MacKay Municipal Intermediate ETF seller in Q1 2021 was Mackay Shields LLC, an estimated $22.4M sold.
Based on aggregated 13F filings for Q1 2021.