IQ MacKay Municipal Intermediate ETF
MMIT
27 hedge funds and large institutions have $115M invested in IQ MacKay Municipal Intermediate ETF in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 5 reducing their positions, and 2 closing their positions.
280% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 5
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
49% more capital invested
Capital invested by funds: $77.1M → $115M (+$38.1M)
4% more funds holding
Funds holding: 26 → 27 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7.33% less ownership
Funds ownership: 72.3% → 64.97% (-7.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$30.2M |
| 2 |
Morgan Stanley
New York
|
+$3.43M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$2.22M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.95M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$7M |
| 2 |
PWMG
Prestige Wealth Management Group
Flemington,
New Jersey
|
-$802K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$205K |
| 4 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$101K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$101K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KAS
26
Kestra Advisory Services
Austin,
Texas
| $237K | -$101K | -3,756 | -30% |
|
|
CFA
27
Carroll Financial Associates
Charlotte,
North Carolina
| $132K | +$132K | +4,916 | New |
|
|
WAP
28
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$101K | -3,775 | Closed |
|
29
Citigroup
New York
| – | -$40K | -1,497 | Closed |
|
MMIT Hedge Fund Activity: Q2 2021 in Review
27 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in IQ MacKay Municipal Intermediate ETF (MMIT) for Q2 2021, worth a combined $115M — up 49% from $77.1M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new MMIT positions and 2 closed out — a net gain of 1 holder — while 19 added to existing stakes and 5 trimmed.
The largest buyer was Bank of America, adding an estimated $30.2M. The largest seller was Jane Street, cutting an estimated $7M.
- 27 institutional investors held IQ MacKay Municipal Intermediate ETF (MMIT) as of Q2 2021, up from 26 in Q1 2021.
- Funds reported $115M of IQ MacKay Municipal Intermediate ETF stock for Q2 2021, up 49% quarter-over-quarter.
- 3 funds opened new IQ MacKay Municipal Intermediate ETF positions in Q2 2021 and 2 closed out, a net change of +1 holder.
- The largest IQ MacKay Municipal Intermediate ETF buyer in Q2 2021 was Bank of America, an estimated $30.2M added.
- The largest IQ MacKay Municipal Intermediate ETF seller in Q2 2021 was Jane Street, an estimated $7M sold.
Based on aggregated 13F filings for Q2 2021.