VanEck Short Muni ETF
SMB
52 hedge funds and large institutions have $102M invested in VanEck Short Muni ETF in 2016 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
16% more funds holding
Funds holding: 45 → 52 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $107M → $102M (-$4.91M)
2.1% less ownership
Funds ownership: 40.56% → 38.46% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.12M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.1M |
| 3 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$1.04M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$849K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$699K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$3.31M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.6M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.64M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.43M |
| 5 |
Natixis Advisors
Boston,
Massachusetts
|
-$1.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $2K | +$18 | +1 | +0.9% |
|
|
MMA
52
Miracle Mile Advisors
Los Angeles,
California
| – | -$3.31M | -187,606 | Closed |
|
|
53
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$2.6M | -147,622 | Closed |
|
|
54
Ameriprise
Minneapolis,
Minnesota
| – | -$1.64M | -92,823 | Closed |
|
|
55
Natixis Advisors
Boston,
Massachusetts
| – | -$1.21M | -68,492 | Closed |
|
|
UAS
56
United Asset Strategies
Garden City,
New York
| – | -$467K | -26,500 | Closed |
|
|
AIG
57
American International Group
New York
| – | -$271K | -15,338 | Closed |
|
|
CFA
58
Cahill Financial Advisors
Edina,
Minnesota
| – | -$184K | -10,408 | Closed |
|
SMB Hedge Fund Activity: Q2 2016 in Review
52 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q2 2016, worth a combined $102M — down 4.6% from $107M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SMB positions and 7 closed out — a net gain of 7 holders — while 19 added to existing stakes and 11 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.12M. The largest seller was Miracle Mile Advisors, exiting entirely with an estimated $3.31M sold.
- 52 institutional investors held VanEck Short Muni ETF (SMB) as of Q2 2016, up from 45 in Q1 2016.
- Funds reported $102M of VanEck Short Muni ETF stock for Q2 2016, down 4.6% quarter-over-quarter.
- 14 funds opened new VanEck Short Muni ETF positions in Q2 2016 and 7 closed out, a net change of +7 holders.
- The largest VanEck Short Muni ETF buyer in Q2 2016 was Wells Fargo, an estimated $1.12M added.
- The largest VanEck Short Muni ETF seller in Q2 2016 was Miracle Mile Advisors, an estimated $3.31M sold.
Based on aggregated 13F filings for Q2 2016.