VanEck Short Muni ETF
SMB
59 hedge funds and large institutions have $107M invested in VanEck Short Muni ETF in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
2% more funds holding
Funds holding: 58 → 59 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.26% less ownership
Funds ownership: 47.44% → 43.18% (-4.3%)
15% less capital invested
Capital invested by funds: $125M → $107M (-$18.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.07M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$829K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$816K |
| 4 |
Jane Street
New York
|
+$727K |
| 5 |
BC
Bartlett & Co
Cincinnati,
Ohio
|
+$622K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$16.4M |
| 2 |
B
Bailard
Foster City,
California
|
-$7.89M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$927K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$458K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$248K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFEC
51
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $66K | +$39.3K | +2,243 | +148% |
|
|
PSUF
52
People's United Financial
Bridgeport,
Connecticut
| $20K | – | – | – |
|
|
GAM
53
Gemmer Asset Management
Walnut Creek,
California
| $4K | -$8.31K | -475 | -68% |
|
|
SF
54
Synovus Financial
Columbus,
Georgia
| $3K | +$3.45K | +197 | New |
|
55
BlackRock
New York
| $1K | – | – | – |
|
|
TFA
56
Transamerica Financial Advisors
St. Petersburg,
Florida
| $1K | – | – | – |
|
57
UBS AM
Chicago,
Illinois
| $507 | -$1.45K | -83 | -74% |
|
|
IWM
58
IHT Wealth Management
Chicago,
Illinois
| $15 | -$3.5K | -200 | -77% |
|
|
GAG
59
GM Advisory Group
Melville,
New York
| – | -$209K | -12,000 | Closed |
|
|
WB
60
Webster Bank
Waterbury,
Connecticut
| – | -$122K | -7,000 | Closed |
|
61
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$39K | -2,218 | Closed |
|
62
SEI Investments
Oaks,
Pennsylvania
| – | -$16K | -933 | Closed |
|
SMB Hedge Fund Activity: Q2 2017 in Review
59 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q2 2017, worth a combined $107M — down 15% from $125M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SMB positions and 4 closed out — a net gain of 3 holders — while 21 added to existing stakes and 17 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $1.07M. The largest seller was Royal Bank of Canada, cutting an estimated $16.4M.
- 59 institutional investors held VanEck Short Muni ETF (SMB) as of Q2 2017, up from 58 in Q1 2017.
- Funds reported $107M of VanEck Short Muni ETF stock for Q2 2017, down 15% quarter-over-quarter.
- 7 funds opened new VanEck Short Muni ETF positions in Q2 2017 and 4 closed out, a net change of +3 holders.
- The largest VanEck Short Muni ETF buyer in Q2 2017 was Karpus Investment Management, an estimated $1.07M added.
- The largest VanEck Short Muni ETF seller in Q2 2017 was Royal Bank of Canada, an estimated $16.4M sold.
Based on aggregated 13F filings for Q2 2017.