VanEck Short Muni ETF
SMB
54 hedge funds and large institutions have $114M invested in VanEck Short Muni ETF in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 24 increasing their positions, 8 reducing their positions, and 5 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 8
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
11% more capital invested
Capital invested by funds: $102M → $114M (+$11.7M)
4% more funds holding
Funds holding: 52 → 54 (+2)
3.31% more ownership
Funds ownership: 38.46% → 41.77% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.08M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$3.29M |
| 3 |
Morgan Stanley
New York
|
+$1.61M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.22M |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$894K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
First Foundation Advisors
Irvine,
California
|
-$806K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$479K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$341K |
| 4 |
DWM
Darwin Wealth Management
Tampa,
Florida
|
-$327K |
| 5 |
TGI
Tradewinds Global Investors
Los Angeles,
California
|
-$322K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $2K | – | – | – |
|
|
TFA
52
Transamerica Financial Advisors
St. Petersburg,
Florida
| $1K | +$18 | +1 | New |
|
53
BlackRock
New York
| $1K | +$1.35K | +76 | New |
|
|
FFA
54
First Foundation Advisors
Irvine,
California
| – | -$806K | -45,450 | Closed |
|
|
DWM
55
Darwin Wealth Management
Tampa,
Florida
| – | -$327K | -18,429 | Closed |
|
|
TGI
56
Tradewinds Global Investors
Los Angeles,
California
| – | -$322K | -18,215 | Closed |
|
|
SCM
57
Southport Capital Management
Chattanooga,
Tennessee
| – | -$77K | -4,345 | Closed |
|
58
Envestnet Asset Management
Chicago,
Illinois
| – | -$46K | -2,589 | Closed |
|
SMB Hedge Fund Activity: Q3 2016 in Review
54 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q3 2016, worth a combined $114M — up 11% from $102M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new SMB positions and 5 closed out — a net gain of 3 holders — while 24 added to existing stakes and 8 trimmed.
The largest buyer was Bank of America, adding an estimated $4.08M. The largest seller was First Foundation Advisors, exiting entirely with an estimated $806K sold.
- 54 institutional investors held VanEck Short Muni ETF (SMB) as of Q3 2016, up from 52 in Q2 2016.
- Funds reported $114M of VanEck Short Muni ETF stock for Q3 2016, up 11% quarter-over-quarter.
- 8 funds opened new VanEck Short Muni ETF positions in Q3 2016 and 5 closed out, a net change of +3 holders.
- The largest VanEck Short Muni ETF buyer in Q3 2016 was Bank of America, an estimated $4.08M added.
- The largest VanEck Short Muni ETF seller in Q3 2016 was First Foundation Advisors, an estimated $806K sold.
Based on aggregated 13F filings for Q3 2016.