iShares Short-Term National Muni Bond ETF
92 hedge funds and large institutions have $333M invested in iShares Short-Term National Muni Bond ETF in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 45 increasing their positions, 24 reducing their positions, and 10 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 24
10% more capital invested
Capital invested by funds: $301M → $333M (+$31.6M)
1.33% more ownership
Funds ownership: 46.88% → 48.21% (+1.3%)
3% less funds holding
Funds holding: 95 → 92 (-3)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$38.8M |
| 2 |
US Bancorp
Minneapolis,
Minnesota
|
+$8.18M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$2.15M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$2.06M |
| 5 |
DIA
Denver Investment Advisors
Denver,
Colorado
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$26.7M |
| 2 |
Jane Street
New York
|
-$1.07M |
| 3 |
FIAS
FinTrust Investment Advisory Services
Greenville,
South Carolina
|
-$873K |
| 4 |
FAAM
First Allied Asset Management
San Diego,
California
|
-$762K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$694K |
SUB Hedge Fund Activity: Q3 2013 in Review
92 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in iShares Short-Term National Muni Bond ETF (SUB) for Q3 2013, worth a combined $333M — up 10% from $301M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SUB and 8 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 45 added.
The largest buyer was Bank of America, adding an estimated $38.8M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $26.7M sold.
- 92 institutional investors held iShares Short-Term National Muni Bond ETF (SUB) as of Q3 2013, down from 95 in Q2 2013.
- Funds reported $333M of iShares Short-Term National Muni Bond ETF stock for Q3 2013, up 10% quarter-over-quarter.
- 8 funds opened new iShares Short-Term National Muni Bond ETF positions in Q3 2013 and 10 closed out, a net change of -2 holders.
- The largest iShares Short-Term National Muni Bond ETF buyer in Q3 2013 was Bank of America, an estimated $38.8M added.
- The largest iShares Short-Term National Muni Bond ETF seller in Q3 2013 was Susquehanna International Group, an estimated $26.7M sold.
Based on aggregated 13F filings for Q3 2013.