IQ MacKay Municipal Intermediate ETF
MMIT
72 hedge funds and large institutions have $335M invested in IQ MacKay Municipal Intermediate ETF in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 41 increasing their positions, 18 reducing their positions, and 8 closing their positions.
128% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 18
16% more capital invested
Capital invested by funds: $289M → $335M (+$46.5M)
3.34% more ownership
Funds ownership: 71.08% → 74.42% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
3% less funds holding
Funds holding: 74 → 72 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$15.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$10.2M |
| 3 |
IWP
IAG Wealth Partners
Waukesha,
Wisconsin
|
+$4.49M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.43M |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$3.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.66M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$725K |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
-$683K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$614K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$569K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
76
Belpointe Asset Management
Reno,
Nevada
| – | -$73.3K | -2,980 | Closed |
|
|
AAS
77
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$41.4K | -1,689 | Closed |
|
|
TCWA
78
Ten Capital Wealth Advisors
Spokane,
Washington
| – | -$36.9K | -1,500 | Closed |
|
|
MCI
79
MRP Capital Investments
Alpharetta,
Georgia
| – | -$34.2K | -1,389 | Closed |
|
80
Fidelity Investments
Boston,
Massachusetts
| – | -$25 | -1 | Closed |
|
MMIT Hedge Fund Activity: Q2 2023 in Review
72 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in IQ MacKay Municipal Intermediate ETF (MMIT) for Q2 2023, worth a combined $335M — up 16% from $289M a quarter earlier.
Fund positioning in MMIT was balanced in Q2 2023: 8 funds opened new positions, 8 closed out, 41 added to existing stakes and 18 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $15.6M. The largest seller was Jane Street, exiting entirely with an estimated $2.66M sold.
- 72 institutional investors held IQ MacKay Municipal Intermediate ETF (MMIT) as of Q2 2023, down from 74 in Q1 2023.
- Funds reported $335M of IQ MacKay Municipal Intermediate ETF stock for Q2 2023, up 16% quarter-over-quarter.
- 8 funds opened new IQ MacKay Municipal Intermediate ETF positions in Q2 2023 and 8 closed out, a net change of 0 holders.
- The largest IQ MacKay Municipal Intermediate ETF buyer in Q2 2023 was Morgan Stanley, an estimated $15.6M added.
- The largest IQ MacKay Municipal Intermediate ETF seller in Q2 2023 was Jane Street, an estimated $2.66M sold.
Based on aggregated 13F filings for Q2 2023.