VanEck Short Muni ETF
SMB
46 hedge funds and large institutions have $111M invested in VanEck Short Muni ETF in 2015 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 11 closing their positions.
6% more capital invested
Capital invested by funds: $105M → $111M (+$6.37M)
4.34% more ownership
Funds ownership: 38.42% → 42.76% (+4.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 50 → 46 (-4)
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$12.8M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$3.62M |
| 3 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$1.46M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$1.03M |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$796K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Natixis Advisors
Boston,
Massachusetts
|
-$5.65M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.45M |
| 3 |
IPC
Independent Portfolio Consultants
Boca Raton,
Florida
|
-$1.56M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.3M |
| 5 |
B
Bailard
Foster City,
California
|
-$748K |
SMB Hedge Fund Activity: Q4 2015 in Review
46 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in VanEck Short Muni ETF (SMB) for Q4 2015, worth a combined $111M — up 6.1% from $105M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of SMB and 7 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 13 added.
The largest buyer was Royal Bank of Canada, adding an estimated $12.8M. The largest seller was Natixis Advisors, cutting an estimated $5.65M.
- 46 institutional investors held VanEck Short Muni ETF (SMB) as of Q4 2015, down from 50 in Q3 2015.
- Funds reported $111M of VanEck Short Muni ETF stock for Q4 2015, up 6.1% quarter-over-quarter.
- 7 funds opened new VanEck Short Muni ETF positions in Q4 2015 and 11 closed out, a net change of -4 holders.
- The largest VanEck Short Muni ETF buyer in Q4 2015 was Royal Bank of Canada, an estimated $12.8M added.
- The largest VanEck Short Muni ETF seller in Q4 2015 was Natixis Advisors, an estimated $5.65M sold.
Based on aggregated 13F filings for Q4 2015.