PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU
27 hedge funds and large institutions have $20.6M invested in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 13 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
13% more funds holding
Funds holding: 24 → 27 (+3)
8.42% less ownership
Funds ownership: 37.98% → 29.56% (-8.4%)
21% less capital invested
Capital invested by funds: $26M → $20.6M (-$5.43M)
69% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$833K |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$360K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$296K |
| 4 |
TSS
Two Sigma Securities
New York
|
+$242K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$1.67M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.59M |
| 3 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$1.26M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$749K |
| 5 |
Morgan Stanley
New York
|
-$608K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
26
Advisor Group
Phoenix,
Arizona
| $2K | +$2.25K | +45 | New |
|
27
Bank of New York Mellon
New York
| – | -$222K | -4,401 | Closed |
|
|
ONB
28
Old National Bancorp
Evansville,
Indiana
| – | -$206K | -4,094 | Closed |
|
|
BRF
29
B. Riley Financial
Los Angeles,
California
| – | -$200K | -3,972 | Closed |
|
SMMU Hedge Fund Activity: Q4 2016 in Review
27 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) for Q4 2016, worth a combined $20.6M — down 21% from $26M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SMMU positions and 3 closed out — a net gain of 3 holders — while 4 added to existing stakes and 13 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $833K. The largest seller was Jane Street, cutting an estimated $1.67M.
- 27 institutional investors held PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) as of Q4 2016, up from 24 in Q3 2016.
- Funds reported $20.6M of PIMCO Short Term Municipal Bond Active Exchange-Traded Fund stock for Q4 2016, down 21% quarter-over-quarter.
- 6 funds opened new PIMCO Short Term Municipal Bond Active Exchange-Traded Fund positions in Q4 2016 and 3 closed out, a net change of +3 holders.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund buyer in Q4 2016 was Susquehanna International Group, an estimated $833K added.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund seller in Q4 2016 was Jane Street, an estimated $1.67M sold.
Based on aggregated 13F filings for Q4 2016.