IQ MacKay Municipal Intermediate ETF
MMIT
74 hedge funds and large institutions have $289M invested in IQ MacKay Municipal Intermediate ETF in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 39 increasing their positions, 17 reducing their positions, and 8 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 17
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
11% more capital invested
Capital invested by funds: $260M → $289M (+$29.1M)
6% more funds holding
Funds holding: 70 → 74 (+4)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2.05% less ownership
Funds ownership: 73.13% → 71.08% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.64M |
| 2 |
GVAG
Great Valley Advisor Group
Wilmington,
Delaware
|
+$4.7M |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
+$4.5M |
| 4 |
IWP
IAG Wealth Partners
Waukesha,
Wisconsin
|
+$3.44M |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$2.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$5.95M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$5.3M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$3.7M |
| 4 |
SFS
Starfox Financial Services
The Woodlands,
Texas
|
-$597K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$484K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFS
76
Starfox Financial Services
The Woodlands,
Texas
| – | -$597K | -24,725 | Closed |
|
|
NA
77
NewEdge Advisors
New Orleans,
Louisiana
| – | -$484K | -20,040 | Closed |
|
78
Mariner
Overland Park,
Kansas
| – | -$398K | -16,507 | Closed |
|
|
RJT
79
Raymond James Trust
St. Petersburg,
Florida
| – | -$227K | -9,416 | Closed |
|
80
Rockefeller Capital Management
New York
| – | -$187K | -7,756 | Closed |
|
|
WWMSC
81
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| – | -$61.2K | -2,535 | Closed |
|
|
HNWAG
82
High Net Worth Advisory Group
Naples,
Florida
| – | -$48.3K | -2,000 | Closed |
|
MMIT Hedge Fund Activity: Q1 2023 in Review
74 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in IQ MacKay Municipal Intermediate ETF (MMIT) for Q1 2023, worth a combined $289M — up 11% from $260M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MMIT positions and 8 closed out — a net gain of 4 holders — while 39 added to existing stakes and 17 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.64M. The largest seller was Envestnet Asset Management, cutting an estimated $5.95M.
- 74 institutional investors held IQ MacKay Municipal Intermediate ETF (MMIT) as of Q1 2023, up from 70 in Q4 2022.
- Funds reported $289M of IQ MacKay Municipal Intermediate ETF stock for Q1 2023, up 11% quarter-over-quarter.
- 12 funds opened new IQ MacKay Municipal Intermediate ETF positions in Q1 2023 and 8 closed out, a net change of +4 holders.
- The largest IQ MacKay Municipal Intermediate ETF buyer in Q1 2023 was Morgan Stanley, an estimated $6.64M added.
- The largest IQ MacKay Municipal Intermediate ETF seller in Q1 2023 was Envestnet Asset Management, an estimated $5.95M sold.
Based on aggregated 13F filings for Q1 2023.