PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
47 hedge funds and large institutions have $81.2M invested in PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 12 reducing their positions, and 5 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 12
5% more capital invested
Capital invested by funds: $77.3M → $81.2M (+$3.89M)
1.31% more ownership
Funds ownership: 39.62% → 40.93% (+1.3%)
2% less funds holding
Funds holding: 48 → 47 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$5.02M |
| 2 |
GA
Gateway Advisory
Westfield,
New Jersey
|
+$1.59M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$753K |
| 4 |
CC
Curian Capital
Denver,
Colorado
|
+$528K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$360K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.41M |
| 2 |
Morgan Stanley
New York
|
-$1.55M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.2M |
| 4 |
GF
Gerstein Fisher
New York
|
-$828K |
| 5 |
Bank of New York Mellon
New York
|
-$621K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Bank of New York Mellon
New York
| – | -$621K | -12,001 | Closed |
|
|
VKH
52
Virtu KCG Holdings
New York
| – | -$340K | -6,570 | Closed |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| – | -$2K | -30 | Closed |
|
MUNI Hedge Fund Activity: Q1 2014 in Review
47 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) for Q1 2014, worth a combined $81.2M — up 5% from $77.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MUNI and 4 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 22 added.
The largest buyer was UBS, adding an estimated $5.02M. The largest seller was Bank of America, cutting an estimated $3.41M.
- 47 institutional investors held PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI) as of Q1 2014, down from 48 in Q4 2013.
- Funds reported $81.2M of PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund stock for Q1 2014, up 5% quarter-over-quarter.
- 4 funds opened new PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund positions in Q1 2014 and 5 closed out, a net change of -1 holder.
- The largest PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund buyer in Q1 2014 was UBS, an estimated $5.02M added.
- The largest PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund seller in Q1 2014 was Bank of America, an estimated $3.41M sold.
Based on aggregated 13F filings for Q1 2014.