PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU
31 hedge funds and large institutions have $28.8M invested in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund in 2018 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 30 → 31 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
30% less capital invested
Capital invested by funds: $41.5M → $28.8M (-$12.6M)
46.82% less ownership
Funds ownership: 82.78% → 35.96% (-47%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.46M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$686K |
| 3 |
TCM
TD Capital Management
Memphis,
Tennessee
|
+$269K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$203K |
| 5 |
SCA
Stokes Capital Advisors
Greenwood,
South Carolina
|
+$154K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$30.6M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$673K |
| 3 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$632K |
| 4 |
ET
Equitable Trust
Nashville,
Tennessee
|
-$491K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$443K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACS
26
Archford Capital Strategies
Swansea,
Illinois
| $91K | – | – | – |
|
|
CAL
27
Capital Analysts LLC
Fort Washington,
Pennsylvania
| $72K | +$71.6K | +1,442 | New |
|
28
Citigroup
New York
| $46K | +$23.9K | +481 | +107% |
|
|
AIA
29
Alera Investment Advisors
Deerfield,
Illinois
| $7K | +$7K | +141 | New |
|
|
RCAG
30
Rehmann Capital Advisory Group
Lansing,
Michigan
| $2.29K | -$632K | -12,715 | -100% |
|
|
ET
31
Equitable Trust
Nashville,
Tennessee
| – | -$491K | -9,868 | Closed |
|
|
AP
32
Advisors Preferred
Rockville,
Maryland
| – | -$214K | -4,300 | Closed |
|
SMMU Hedge Fund Activity: Q4 2018 in Review
31 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) for Q4 2018, worth a combined $28.8M — down 30% from $41.5M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new SMMU positions and 2 closed out — a net gain of 1 holder — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Bank of America, adding an estimated $1.46M. The largest seller was Cornerstone Wealth Management, cutting an estimated $30.6M.
- 31 institutional investors held PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) as of Q4 2018, up from 30 in Q3 2018.
- Funds reported $28.8M of PIMCO Short Term Municipal Bond Active Exchange-Traded Fund stock for Q4 2018, down 30% quarter-over-quarter.
- 3 funds opened new PIMCO Short Term Municipal Bond Active Exchange-Traded Fund positions in Q4 2018 and 2 closed out, a net change of +1 holder.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund buyer in Q4 2018 was Bank of America, an estimated $1.46M added.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $30.6M sold.
Based on aggregated 13F filings for Q4 2018.