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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Bailard
Foster City,
California
|
+$11.4M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$10.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.99M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.82M |
| 5 |
MG
Mather Group
Chicago,
Illinois
|
+$1.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$4.24M |
| 2 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
-$1.36M |
| 3 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$1.25M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$894K |
| 5 |
DC
Davenport & Co
Richmond,
Virginia
|
-$778K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCA
51
Clearwater Capital Advisors
Hoffman Estates,
Illinois
| – | -$1.36M | -77,384 | Closed |
|
|
52
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$894K | -50,638 | Closed |
|
|
DC
53
Davenport & Co
Richmond,
Virginia
| – | -$778K | -44,065 | Closed |
|
54
Jane Street
New York
| – | -$742K | -42,029 | Closed |
|
55
Citadel Advisors
Miami,
Florida
| – | -$281K | -15,912 | Closed |
|
56
US Bancorp
Minneapolis,
Minnesota
| – | -$221K | -12,502 | Closed |
|
|
CFA
57
Camarda Financial Advisors
Fleming Island,
Florida
| – | -$101K | -5,731 | Closed |
|
|
GAM
58
Gemmer Asset Management
Walnut Creek,
California
| – | -$22K | -1,235 | Closed |
|
59
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$20K | -1,150 | Closed |
|
|
IA
60
IFP Advisors
Tampa,
Florida
| – | -$15K | -864 | Closed |
|
61
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$2K | -114 | Closed |
|
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.