IQ MacKay Municipal Intermediate ETF
MMIT
78 hedge funds and large institutions have $388M invested in IQ MacKay Municipal Intermediate ETF in 2023 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 10 closing their positions.
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
48% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 23
16% more capital invested
Capital invested by funds: $335M → $388M (+$52.7M)
8% more funds holding
Funds holding: 72 → 78 (+6)
6.56% more ownership
Funds ownership: 74.42% → 80.98% (+6.6%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCA
Pallas Capital Advisors
Braintree,
Massachusetts
|
+$17.7M |
| 2 |
Morgan Stanley
New York
|
+$9.03M |
| 3 |
Bank of New York Mellon
New York
|
+$7.29M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5.33M |
| 5 |
LPL Financial
San Diego,
California
|
+$4.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPIA
Steward Partners Investment Advisory
New York
|
-$3.23M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.29M |
| 3 |
SI
Saxon Interests
Houston,
Texas
|
-$1.77M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$1.34M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$1.18M |
MMIT Hedge Fund Activity: Q3 2023 in Review
78 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in IQ MacKay Municipal Intermediate ETF (MMIT) for Q3 2023, worth a combined $388M — up 16% from $335M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MMIT positions and 10 closed out — a net gain of 7 holders — while 34 added to existing stakes and 23 trimmed.
The largest buyer was Pallas Capital Advisors, opening a new position worth an estimated $17.7M. The largest seller was Steward Partners Investment Advisory, cutting an estimated $3.23M.
- 78 institutional investors held IQ MacKay Municipal Intermediate ETF (MMIT) as of Q3 2023, up from 72 in Q2 2023.
- Funds reported $388M of IQ MacKay Municipal Intermediate ETF stock for Q3 2023, up 16% quarter-over-quarter.
- 17 funds opened new IQ MacKay Municipal Intermediate ETF positions in Q3 2023 and 10 closed out, a net change of +7 holders.
- The largest IQ MacKay Municipal Intermediate ETF buyer in Q3 2023 was Pallas Capital Advisors, an estimated $17.7M added.
- The largest IQ MacKay Municipal Intermediate ETF seller in Q3 2023 was Steward Partners Investment Advisory, an estimated $3.23M sold.
Based on aggregated 13F filings for Q3 2023.