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VanEck Short Muni ETF
SMB

51 hedge funds and large institutions have $130M invested in VanEck Short Muni ETF in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 19 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $114M → $130M (+$16.2M)

7.41% more ownership

Funds ownership: 41.77% → 49.18% (+7.4%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less funds holding

Funds holding: 54 → 51 (-3)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

37% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 19

Holders
51
Holders Change
-3
Holders Change %
-5.56%
% of All Funds
1.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
12
Reduced
19
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
B
Bailard
California
+$11.4M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$10.8M
3
Ameriprise
Ameriprise
Minnesota
+$1.99M
4
Bank of America
Bank of America
North Carolina
+$1.82M
5
MG
Mather Group
Illinois
+$1.58M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$4.24M
2
CCA
Clearwater Capital Advisors
Illinois
-$1.36M
3
AP
Advisors Preferred
Maryland
-$1.25M
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$894K
5
DC
Davenport & Co
Virginia
-$778K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
Ancora Advisors
Ohio
$545K -$64.3K -3,700 -10%
Comerica Bank
27
Comerica Bank
Texas
$453K -$8.12K -467 -2%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$435K +$439K +25,235 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$411K +$159K +9,145 +62%
SWP
30
Stratos Wealth Partners
Ohio
$333K +$12.2K +700 +4%
NGA
31
Naples Global Advisors
Florida
$329K – – –
FPFS
32
First Personal Financial Services
North Carolina
$263K -$10.3K -590 -4%
TCT
33
TIAA CREF Trust
Missouri
$259K – – –
Susquehanna International Group
34
Susquehanna International Group
Pennsylvania
$252K +$254K +14,636 New
First Trust Advisors
35
First Trust Advisors
Illinois
$248K -$40.8K -2,348 -14%
BWM
36
Braver Wealth Management
Massachusetts
$248K – – –
AG
37
Advisor Group
Arizona
$239K -$209K -12,000 -46%
VIA
38
Vantage Investment Advisors
Pennsylvania
$230K – – –
KCPG
39
Kavar Capital Partners Group
Kansas
$216K – – –
WB
40
Webster Bank
Connecticut
$121K +$122K +7,000 New
CFS
41
Commonwealth Financial Services
West Virginia
$120K – – –
BL
42
Balentine LLC
Georgia
$94K +$94.4K +5,429 New
DADC
43
D.A. Davidson & Co
Montana
$78K – – –
Manulife (Manufacturers Life Insurance)
44
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$50K +$50.5K +2,906 New
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$45K -$6.57K -378 -13%
PSUF
46
People's United Financial
Connecticut
$20K – – –
BFEC
47
Benjamin F. Edwards & Company
Missouri
$17K +$52 +3 +0.3%
IWM
48
IHT Wealth Management
Illinois
$3K +$3.48K +200 New
BlackRock
49
BlackRock
New York
$1K – – –
TFA
50
Transamerica Financial Advisors
Florida
$1K – – –
1
2
3

SMB Hedge Fund Activity: Q4 2016 in Review

51 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q4 2016, worth a combined $130M — up 14% from $114M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SMB and 8 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 12 added.

The largest buyer was Bailard, adding an estimated $11.4M. The largest seller was UBS Group, cutting an estimated $4.24M.

  • 51 institutional investors held VanEck Short Muni ETF (SMB) as of Q4 2016, down from 54 in Q3 2016.
  • Funds reported $130M of VanEck Short Muni ETF stock for Q4 2016, up 14% quarter-over-quarter.
  • 8 funds opened new VanEck Short Muni ETF positions in Q4 2016 and 11 closed out, a net change of -3 holders.
  • The largest VanEck Short Muni ETF buyer in Q4 2016 was Bailard, an estimated $11.4M added.
  • The largest VanEck Short Muni ETF seller in Q4 2016 was UBS Group, an estimated $4.24M sold.

Based on aggregated 13F filings for Q4 2016.