IQ MacKay Municipal Intermediate ETF
MMIT
94 hedge funds and large institutions have $602M invested in IQ MacKay Municipal Intermediate ETF in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 19 reducing their positions, and 7 closing their positions.
229% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 7
153% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 19
55% more capital invested
Capital invested by funds: $388M → $602M (+$214M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
21% more funds holding
Funds holding: 78 → 94 (+16)
9.45% more ownership
Funds ownership: 80.98% → 90.42% (+9.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$55.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$36.1M |
| 3 |
APP
Avantax Planning Partners
Dubuque,
Iowa
|
+$26.3M |
| 4 |
FCI
Financial Counselors Inc
Overland Park,
Kansas
|
+$15.2M |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$4.3M |
| 2 |
IWP
IAG Wealth Partners
Waukesha,
Wisconsin
|
-$3.91M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$2.92M |
| 4 |
GS
GTS Securities
New York
|
-$1.57M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.43M |
MMIT Hedge Fund Activity: Q4 2023 in Review
94 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in IQ MacKay Municipal Intermediate ETF (MMIT) for Q4 2023, worth a combined $602M — up 55% from $388M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new MMIT positions and 7 closed out — a net gain of 16 holders — while 48 added to existing stakes and 19 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $55.9M. The largest seller was Jane Street, exiting entirely with an estimated $4.3M sold.
- 94 institutional investors held IQ MacKay Municipal Intermediate ETF (MMIT) as of Q4 2023, up from 78 in Q3 2023.
- Funds reported $602M of IQ MacKay Municipal Intermediate ETF stock for Q4 2023, up 55% quarter-over-quarter.
- 23 funds opened new IQ MacKay Municipal Intermediate ETF positions in Q4 2023 and 7 closed out, a net change of +16 holders.
- The largest IQ MacKay Municipal Intermediate ETF buyer in Q4 2023 was Morgan Stanley, an estimated $55.9M added.
- The largest IQ MacKay Municipal Intermediate ETF seller in Q4 2023 was Jane Street, an estimated $4.3M sold.
Based on aggregated 13F filings for Q4 2023.