PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU
30 hedge funds and large institutions have $41.5M invested in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 3 closing their positions.
17% more capital invested
Capital invested by funds: $35.5M → $41.5M (+$5.96M)
12.26% more ownership
Funds ownership: 70.52% → 82.78% (+12%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
3% less funds holding
Funds holding: 31 → 30 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$10.4M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.34M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$607K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$576K |
| 5 |
ET
Equitable Trust
Nashville,
Tennessee
|
+$492K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$735K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$256K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$221K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$156K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCM
26
Covington Capital Management
Los Angeles,
California
| $134K | -$22.4K | -450 | -14% |
|
|
ACS
27
Archford Capital Strategies
Swansea,
Illinois
| $91K | – | – | – |
|
|
TCM
28
TD Capital Management
Memphis,
Tennessee
| $59K | +$249 | +5 | +0.4% |
|
29
Citigroup
New York
| $22K | -$77.3K | -1,550 | -78% |
|
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$256K | -5,125 | Closed |
|
31
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$89K | -1,781 | Closed |
|
|
PA
32
Parallel Advisors
San Francisco,
California
| – | -$49K | -1,000 | Closed |
|
SMMU Hedge Fund Activity: Q3 2018 in Review
30 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) for Q3 2018, worth a combined $41.5M — up 17% from $35.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of SMMU and 2 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 12 added.
The largest buyer was Cornerstone Wealth Management, adding an estimated $10.4M. The largest seller was Rehmann Capital Advisory Group, cutting an estimated $735K.
- 30 institutional investors held PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) as of Q3 2018, down from 31 in Q2 2018.
- Funds reported $41.5M of PIMCO Short Term Municipal Bond Active Exchange-Traded Fund stock for Q3 2018, up 17% quarter-over-quarter.
- 2 funds opened new PIMCO Short Term Municipal Bond Active Exchange-Traded Fund positions in Q3 2018 and 3 closed out, a net change of -1 holder.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund buyer in Q3 2018 was Cornerstone Wealth Management, an estimated $10.4M added.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund seller in Q3 2018 was Rehmann Capital Advisory Group, an estimated $735K sold.
Based on aggregated 13F filings for Q3 2018.