PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU
40 hedge funds and large institutions have $87.7M invested in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund in 2019 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 3 closing their positions.
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
204% more capital invested
Capital invested by funds: $28.8M → $87.7M (+$58.8M)
67.52% more ownership
Funds ownership: 35.96% → 103.48% (+68%)
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
29% more funds holding
Funds holding: 31 → 40 (+9)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$55.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$915K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$893K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$534K |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$500K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2M |
| 2 |
Jane Street
New York
|
-$1.14M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$664K |
| 4 |
Morgan Stanley
New York
|
-$492K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$187K |
SMMU Hedge Fund Activity: Q1 2019 in Review
40 of the 4,570 institutional investors tracked by Wall St. Rank reported a position in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) for Q1 2019, worth a combined $87.7M — up 204% from $28.8M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SMMU positions and 3 closed out — a net gain of 9 holders — while 15 added to existing stakes and 9 trimmed.
The largest buyer was Carson Wealth (CWM LLC), opening a new position worth an estimated $55.8M. The largest seller was Bank of America, cutting an estimated $2M.
- 40 institutional investors held PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (SMMU) as of Q1 2019, up from 31 in Q4 2018.
- Funds reported $87.7M of PIMCO Short Term Municipal Bond Active Exchange-Traded Fund stock for Q1 2019, up 204% quarter-over-quarter.
- 12 funds opened new PIMCO Short Term Municipal Bond Active Exchange-Traded Fund positions in Q1 2019 and 3 closed out, a net change of +9 holders.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund buyer in Q1 2019 was Carson Wealth (CWM LLC), an estimated $55.8M added.
- The largest PIMCO Short Term Municipal Bond Active Exchange-Traded Fund seller in Q1 2019 was Bank of America, an estimated $2M sold.
Based on aggregated 13F filings for Q1 2019.