VanEck Short Muni ETF
SMB
38 hedge funds and large institutions have $50.8M invested in VanEck Short Muni ETF in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
0% more funds holding
Funds holding: 38 → 38 (0)
5.1% less ownership
Funds ownership: 27.94% → 22.85% (-5.1%)
20% less capital invested
Capital invested by funds: $63.4M → $50.8M (-$12.6M)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.75M |
| 2 |
Natixis Advisors
Boston,
Massachusetts
|
+$935K |
| 3 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$250K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$193K |
| 5 |
AIG
American International Group
New York
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.51M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.85M |
| 3 |
HK
Horizon Kinetics
New York
|
-$1.61M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.08M |
| 5 |
Jane Street
New York
|
-$1.04M |
SMB Hedge Fund Activity: Q4 2013 in Review
38 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q4 2013, worth a combined $50.8M — down 20% from $63.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SMB positions and 5 closed out — a net gain of 1 holder — while 12 added to existing stakes and 16 trimmed.
The largest buyer was Bank of America, adding an estimated $3.75M. The largest seller was Morgan Stanley, cutting an estimated $9.51M.
- 38 institutional investors held VanEck Short Muni ETF (SMB) as of Q4 2013, unchanged from Q3 2013.
- Funds reported $50.8M of VanEck Short Muni ETF stock for Q4 2013, down 20% quarter-over-quarter.
- 6 funds opened new VanEck Short Muni ETF positions in Q4 2013 and 5 closed out, a net change of +1 holder.
- The largest VanEck Short Muni ETF buyer in Q4 2013 was Bank of America, an estimated $3.75M added.
- The largest VanEck Short Muni ETF seller in Q4 2013 was Morgan Stanley, an estimated $9.51M sold.
Based on aggregated 13F filings for Q4 2013.