VanEck Short Muni ETF
SMB
50 hedge funds and large institutions have $86.9M invested in VanEck Short Muni ETF in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 7 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
2% less capital invested
Capital invested by funds: $88.7M → $86.9M (-$1.84M)
1.77% less ownership
Funds ownership: 32.74% → 30.97% (-1.8%)
2% less funds holding
Funds holding: 51 → 50 (-1)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.18M |
| 2 |
Jane Street
New York
|
+$1.5M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.07M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$571K |
| 5 |
CFMC
Curbstone Financial Management Corp
Manchester,
New Hampshire
|
+$535K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$4.61M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.09M |
| 3 |
Natixis Advisors
Boston,
Massachusetts
|
-$2.38M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$759K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$275K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MMA
51
Miracle Mile Advisors
Los Angeles,
California
| – | -$4.61M | -262,871 | Closed |
|
52
Goldman Sachs
New York
| – | -$232K | -13,200 | Closed |
|
|
MC
53
Moors & Cabot
Boston,
Massachusetts
| – | -$197K | -11,244 | Closed |
|
54
Envestnet Asset Management
Chicago,
Illinois
| – | -$17K | -989 | Closed |
|
|
SIA
55
Stancorp Investment Advisers
Portland,
Oregon
| – | -$8K | -452 | Closed |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| – | -$2K | -141 | Closed |
|
SMB Hedge Fund Activity: Q1 2015 in Review
50 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q1 2015, worth a combined $86.9M — down 2.1% from $88.7M a quarter earlier.
Fund positioning in SMB was balanced in Q1 2015: 7 funds opened new positions, 7 closed out, 23 added to existing stakes and 15 trimmed.
The largest buyer was Bank of America, adding an estimated $2.18M. The largest seller was Miracle Mile Advisors, exiting entirely with an estimated $4.61M sold.
- 50 institutional investors held VanEck Short Muni ETF (SMB) as of Q1 2015, down from 51 in Q4 2014.
- Funds reported $86.9M of VanEck Short Muni ETF stock for Q1 2015, down 2.1% quarter-over-quarter.
- 7 funds opened new VanEck Short Muni ETF positions in Q1 2015 and 7 closed out, a net change of 0 holders.
- The largest VanEck Short Muni ETF buyer in Q1 2015 was Bank of America, an estimated $2.18M added.
- The largest VanEck Short Muni ETF seller in Q1 2015 was Miracle Mile Advisors, an estimated $4.61M sold.
Based on aggregated 13F filings for Q1 2015.