iShares Short-Term National Muni Bond ETF
181 hedge funds and large institutions have $838M invested in iShares Short-Term National Muni Bond ETF in 2016 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 64 increasing their positions, 35 reducing their positions, and 15 closing their positions.
173% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 15
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
83% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 35
31% more capital invested
Capital invested by funds: $637M → $838M (+$201M)
17% more funds holding
Funds holding: 155 → 181 (+26)
5.9% more ownership
Funds ownership: 56.92% → 62.82% (+5.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
US Bancorp
Minneapolis,
Minnesota
|
+$36.7M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$23.4M |
| 3 |
SIA
Spruce Investment Advisors
Stamford,
Connecticut
|
+$16.1M |
| 4 |
CGL
Clarius Group LLC
Seattle,
Washington
|
+$15.8M |
| 5 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$5.12M |
| 2 |
CFMC
Curbstone Financial Management Corp
Manchester,
New Hampshire
|
-$4.01M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.58M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$2.77M |
| 5 |
AIM
Allen Investment Management
New York
|
-$2.27M |
SUB Hedge Fund Activity: Q4 2016 in Review
181 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in iShares Short-Term National Muni Bond ETF (SUB) for Q4 2016, worth a combined $838M — up 31% from $637M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new SUB positions and 15 closed out — a net gain of 26 holders — while 64 added to existing stakes and 35 trimmed.
The largest buyer was US Bancorp, adding an estimated $36.7M. The largest seller was Envestnet Asset Management, cutting an estimated $5.12M.
- 181 institutional investors held iShares Short-Term National Muni Bond ETF (SUB) as of Q4 2016, up from 155 in Q3 2016.
- Funds reported $838M of iShares Short-Term National Muni Bond ETF stock for Q4 2016, up 31% quarter-over-quarter.
- 41 funds opened new iShares Short-Term National Muni Bond ETF positions in Q4 2016 and 15 closed out, a net change of +26 holders.
- The largest iShares Short-Term National Muni Bond ETF buyer in Q4 2016 was US Bancorp, an estimated $36.7M added.
- The largest iShares Short-Term National Muni Bond ETF seller in Q4 2016 was Envestnet Asset Management, an estimated $5.12M sold.
Based on aggregated 13F filings for Q4 2016.