IQ MacKay Municipal Intermediate ETF
MMIT
91 hedge funds and large institutions have $531M invested in IQ MacKay Municipal Intermediate ETF in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 49 increasing their positions, 22 reducing their positions, and 10 closing their positions.
123% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 22
3% less funds holding
Funds holding: 94 → 91 (-3)
9.21% less ownership
Funds ownership: 90.42% → 81.21% (-9.2%)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
12% less capital invested
Capital invested by funds: $602M → $531M (-$71M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$13.2M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$6.26M |
| 3 |
SDWMA
Schneider Downs Wealth Management Advisors
Pittsburgh,
Pennsylvania
|
+$4.32M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.67M |
| 5 |
PCA
Pallas Capital Advisors
Braintree,
Massachusetts
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$52.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$22M |
| 3 |
FCI
Financial Counselors Inc
Overland Park,
Kansas
|
-$13.1M |
| 4 |
AWA
Amplius Wealth Advisors
Blue Bell,
Pennsylvania
|
-$4.43M |
| 5 |
MPWT
MassMutual Private Wealth & Trust
Windsor,
Connecticut
|
-$3.39M |
MMIT Hedge Fund Activity: Q1 2024 in Review
91 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in IQ MacKay Municipal Intermediate ETF (MMIT) for Q1 2024, worth a combined $531M — down 12% from $602M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MMIT and 9 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 49 added.
The largest buyer was Cetera Investment Advisers, opening a new position worth an estimated $13.2M. The largest seller was Morgan Stanley, cutting an estimated $52.6M.
- 91 institutional investors held IQ MacKay Municipal Intermediate ETF (MMIT) as of Q1 2024, down from 94 in Q4 2023.
- Funds reported $531M of IQ MacKay Municipal Intermediate ETF stock for Q1 2024, down 12% quarter-over-quarter.
- 9 funds opened new IQ MacKay Municipal Intermediate ETF positions in Q1 2024 and 10 closed out, a net change of -1 holder.
- The largest IQ MacKay Municipal Intermediate ETF buyer in Q1 2024 was Cetera Investment Advisers, an estimated $13.2M added.
- The largest IQ MacKay Municipal Intermediate ETF seller in Q1 2024 was Morgan Stanley, an estimated $52.6M sold.
Based on aggregated 13F filings for Q1 2024.