Vault-13

VANECK ETF TRUST ITM

INTRMDT MUNI ETF · ETP · CUSIP 92189H201

180 institutional holders +2 vs Q4 2024
33,895,81833.9m shares reported held*
$1.5bnreported value*
21 new 60 added 65 reduced 19 sold out net sold ≈ $91.4m (-2.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($800.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.55. Options: 2 managers hold calls ($241.2k notional), 1 hold puts ($86.5k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 159Q4 22: 165Q1 23: 170Q2 23: 165Q3 23: 167Q4 23: 184Q1 24: 173Q2 24: 168Q3 24: 168Q4 24: 178Q1 25: 180180Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022159
Q4 2022165
Q1 2023170
Q2 2023165
Q3 2023167
Q4 2023184
Q1 2024173
Q2 2024168
Q3 2024168
Q4 2024178
Q1 2025180

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q2 23: 59 bought or addedQ2 23: 90 cut or sold outQ3 23: 79 bought or addedQ3 23: 65 cut or sold outQ3 23Q4 23: 87 bought or addedQ4 23: 84 cut or sold outQ1 24: 70 bought or addedQ1 24: 88 cut or sold outQ1 24Q2 24: 67 bought or addedQ2 24: 78 cut or sold outQ3 24: 59 bought or addedQ3 24: 81 cut or sold outQ3 24Q4 24: 89 bought or addedQ4 24: 63 cut or sold outQ1 25: 81 bought or addedQ1 25: 84 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20235990
Q3 20237965
Q4 20238784
Q1 20247088
Q2 20246778
Q3 20245981
Q4 20248963
Q1 20258184

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $1.2mQ4 24 puts: $59.9kQ4 24P/C 0.05Q1 25 calls: $241.2kQ1 25 puts: $86.5kQ1 25P/C 0.36
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$0—
Q4 2024$1.2m$59.9k0.05
Q1 2025$241.2k$86.5k0.36

Biggest buyers

JANE STREET GROUP, LLC New +871,399+871.4k
CITADEL ADVISORS LLC Added +574,146+574.1k
JPMORGAN CHASE & CO Added +414,093+414.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +163,658+163.7k
OneDigital Investment Advisors LLC Added +119,896+119.9k
RENAISSANCE TECHNOLOGIES LLC Added +90,200+90.2k
Proquility Private Wealth Partners, LLC Added +87,662+87.7k
AMERIPRISE FINANCIAL INC Added +68,555+68.6k
LPL Financial LLC Added +46,737+46.7k
Atria Investments, Inc New +46,717+46.7k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -2,813,500-2.8m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -758,511-758.5k
ENVESTNET ASSET MANAGEMENT INC Reduced -169,231-169.2k
Avidian Wealth Enterprises, LLC Reduced -119,334-119.3k
Thrivent Financial for Lutherans Sold out -98,037-98.0k
WELLS FARGO & COMPANY/MN Reduced -79,391-79.4k
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Reduced -72,902-72.9k
OLD NATIONAL BANCORP /IN/ Reduced -71,529-71.5k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -62,132-62.1k
TD PRIVATE CLIENT WEALTH LLC Reduced -59,584-59.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $241.2k5.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $86.5k1.9k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 15,402,44915.4m $701.0m $701.0m 0.06% Reduced -2.8m -2,813,500
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 2,471,9172.5m $112.5m $112.5m 0.09% Reduced -758.5k -758,511
3 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,818,5721.8m $82.8m $82.8m 0.03% Added +46.7k +46,737
4 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,038,7481.0m $47.3m $47.3m 0.02% Reduced -169.2k -169,231
5 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 871,399871.4k $39.7m $39.7m 0.07% New
6 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 838,315838.3k $38.2m $38.2m 0.01% Reduced -79.4k -79,391
7 FMR LLC 0.00% of their portfolio BOSTON, MA 752,415752.4k $34.2m $34.2m 0.00% Reduced -43.9k -43,864
8 CX Institutional 1.29% of their portfolio AUBURN, IN 749,499749.5k $34.1m $34.1m 1.29% Added +11.1k +11,142
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 688,408688.4k $31.3m $31.3m 0.06% Reduced -62.1k -62,132
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 682,307682.3k $31.1m $31.1m 0.00% Reduced -34.4k -34,448
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 626,276626.3k $28.5m $28.5m 0.00% Added +414.1k +414,093
12 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 587,692587.7k $26.7m $26.7m 0.03% Added +574.1k +574,146
13 Willis Johnson & Associates, Inc. 1.80% of their portfolio Houston, TX 523,080523.1k $23.8m $23.8m 1.80% Added +28.2k +28,194
14 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 358,037358.0k $16.3m $16.3m 0.02% Reduced -6.6k -6,585
15 DAVIDSON INVESTMENT ADVISORS 0.79% of their portfolio GREAT FALLS, MT 349,662349.7k $15.9m $15.9m 0.79% Added +14.3k +14,298
16 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 336,092336.1k $15.3m $15.3m 0.02% Added +11.6k +11,602
17 OneDigital Investment Advisors LLC 0.18% of their portfolio OVERLAND PARK, KS 335,521335.5k $15.3m $15.3m 0.18% Added +119.9k +119,896
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 325,046325.0k $14.8m $14.8m 0.00% Reduced -44.1k -44,082
19 Avidian Wealth Enterprises, LLC 0.65% of their portfolio Houston, TX 321,958322.0k $14.7m $14.7m 0.65% Reduced -119.3k -119,334
20 MATHER GROUP, LLC. 0.16% of their portfolio CHICAGO, IL 298,695298.7k $13.6m $13.6m 0.16% Reduced -309 -309
21 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 276,638276.6k $12.6m $12.6m 0.00% Added +68.6k +68,555
22 CONDOR CAPITAL MANAGEMENT 1.04% of their portfolio MARTINSVILLE, NJ 245,726245.7k $11.2m $11.2m 1.04% Added +11.5k +11,502
23 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 192,175192.2k $8.7m $8.7m 0.02% Reduced -654 -654
24 OLD NATIONAL BANCORP /IN/ 0.21% of their portfolio EVANSVILLE, IN 178,571178.6k $8.1m $8.1m 0.21% Reduced -71.5k -71,529
25 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 172,605172.6k $7.9m $7.9m 0.00% Added +15.3k +15,345
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 163,658163.7k $7.4m $7.4m 0.01% New
27 BRANDYWINE OAK PRIVATE WEALTH LLC 0.72% of their portfolio Kennett Square, PA 161,504161.5k $7.4m $7.4m 0.72% Added +7.2k +7,157
28 FOCUS Wealth Advisors, LLC 3.83% of their portfolio HOUSTON, TX 152,222152.2k $6.9m $6.9m 3.83% Reduced -1.3k -1,285
29 Clark Capital Management Group, Inc. 0.05% of their portfolio PHILADELPHIA, PA 146,190146.2k $6.7m $6.7m 0.05% Reduced -5.3k -5,337
30 Proquility Private Wealth Partners, LLC 1.59% of their portfolio LAS VEGAS, NV 113,095113.1k $5.1m $5.1m 1.59% Added +87.7k +87,662
31 PARK AVENUE SECURITIES LLC 0.06% of their portfolio NEW YORK, NY 110,067110.1k $5.0m $5.0m 0.06% Reduced -18.1k -18,085
32 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 105,024105.0k $4.8m $4.8m 0.03% Added +29.7k +29,675
33 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 98,38698.4k $4.5m $4.5m 0.01% Reduced -3.1k -3,122
34 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 96,30096.3k $4.4m $4.4m 0.01% Added +90.2k +90,200
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 95,70495.7k $4.4m $4.4m 0.00% Reduced -53.3k -53,257
36 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 92,92392.9k $4.2m $4.2m 0.01% Reduced -57.3k -57,311
37 Clearstead Advisors, LLC 0.06% of their portfolio CLEVELAND, OH 87,95288.0k $4.0m $4.0m 0.06% Added +4.1k +4,099
38 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 87,76387.8k $4.0m $4.0m 0.01% Reduced -10.1k -10,131
39 Parkside Financial Bank & Trust 0.42% of their portfolio SAINT LOUIS, MO 71,76971.8k $3.3m $3.3m 0.42% Added +3.8k +3,786
40 Granite Harbor Advisors, Inc. 1.68% of their portfolio Houston, TX 69,68069.7k $3.2m $3.2m 1.68% Added +2.4k +2,426
41 Cornerstone Wealth Management, LLC 0.21% of their portfolio ST. PETERS, MO 68,96269.0k $3.1m $3.1m 0.21% Added +1.3k +1,267
42 PRINCIPAL SECURITIES, INC. 0.07% of their portfolio DES MOINES, IA 65,86865.9k $3.0m $3.0m 0.07% Unchanged
43 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 62,27962.3k $2.8m $2.8m 0.01% Reduced -4.2k -4,161
44 SteelPeak Wealth, LLC 0.11% of their portfolio WOODLAND HILLS, CA 58,38858.4k $2.7m $2.7m 0.11% Added +8.9k +8,883
45 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 46,71746.7k $2.1m $2.1m 0.03% New
46 Fulton Bank, N.A. 0.08% of their portfolio Lancaster, PA 45,33445.3k $2.1m $2.1m 0.08% Added +6.9k +6,936
47 VICUS CAPITAL 0.19% of their portfolio STATE COLLEGE, PA 45,13445.1k $2.1m $2.1m 0.19% Reduced -2.8k -2,832
48 Idaho Trust Co 0.73% of their portfolio BOISE, ID 39,33839.3k $1.8m $1.8m 0.73% Added +2.3k +2,322
49 FINANCIAL COUNSELORS INC 0.03% of their portfolio Overland Park, KS 38,22638.2k $1.7m $1.7m 0.03% Added +6.5k +6,471
50 MassMutual Private Wealth & Trust, FSB 0.05% of their portfolio Windsor, CT 36,10236.1k $1.6m $1.6m 0.05% Added +1.1k +1,094
51 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 31,84431.8k $1.4m $1.4m 0.00% Reduced -396 -396
52 Strategic Blueprint, LLC 0.08% of their portfolio ATLANTA, GA 30,73930.7k $1.4m $1.4m 0.08% Added +22.1k +22,099
53 Mariner, LLC 0.00% of their portfolio Overland Park, KS 30,70430.7k $1.4m $1.4m 0.00% Reduced -9.5k -9,508
54 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 29,33129.3k $1.3m $1.3m 0.01% Reduced -31.8k -31,768
55 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 29,19329.2k $1.3m $1.3m 0.02% Reduced -400 -400
56 CFS Investment Advisory Services, LLC 0.12% of their portfolio TOTOWA, NJ 29,07529.1k $1.3m $1.3m 0.12% Added +14.0k +14,018
57 Running Point Capital Advisors, LLC 0.42% of their portfolio EL SEGUNDO, CA 28,96129.0k $1.3m $1.3m 0.42% Added +718 +718
58 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 28,89028.9k $1.3m $1.3m 0.00% Added +808 +808
59 XML Financial, LLC 0.12% of their portfolio BETHESDA, MD 28,32828.3k $1.3m $1.3m 0.12% Added +417 +417
60 1620 INVESTMENT ADVISORS, INC. 0.98% of their portfolio PLYMOUTH, MA 28,01928.0k $1.3m $1.3m 0.98% Reduced -320 -320
61 Beaumont Financial Advisors, LLC 0.10% of their portfolio NEEDHAM, MA 27,75927.8k $1.3m $1.3m 0.10% Reduced -5.8k -5,793
62 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 27,15927.2k $1.2m $1.2m 0.00% Added +10.0k +10,016
63 CWM, LLC 0.00% of their portfolio OMAHA, NE 27,07627.1k $1.2m $1.2m 0.00% Reduced -6.3k -6,258
64 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 25,70425.7k $1.2m $1.2m 0.02% Reduced -2.4k -2,361
65 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 25,54225.5k $1.2m $1.2m 0.00% Unchanged
66 Goodwin Investment Advisory 1.74% of their portfolio WOODSTOCK, GA 24,67924.7k $1.1m $1.1m 1.74% Reduced -28.8k -28,828
67 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.03% of their portfolio Seattle, WA 24,27424.3k $1.1m $1.1m 0.03% Unchanged
68 COMERICA BANK 0.00% of their portfolio DALLAS, TX 22,73022.7k $1.0m $1.0m 0.00% Added +3.2k +3,154
69 Westside Investment Management, Inc. 0.21% of their portfolio SANTA MONICA, CA 21,37621.4k $972.8k $972.8k 0.21% Added +773 +773
70 Baker Avenue Asset Management, LP 0.03% of their portfolio SAN FRANCISCO, CA 20,91020.9k $951.6k $951.6k 0.03% Added +1.8k +1,758
71 GenTrust, LLC 0.05% of their portfolio MIAMI, FL 20,86520.9k $949.6k $949.6k 0.05% Added +4.5k +4,510
72 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 19,68519.7k $896.0k $896.0k 0.00% Reduced -3.4k -3,393
73 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 19,67519.7k $895.4k $895.4k 0.00% Reduced -25.9k -25,883
74 Aquire Wealth Advisors, LLC 0.27% of their portfolio Salt Lake City, UT 19,21119.2k $874.3k $874.3k 0.27% Reduced -5.7k -5,696
75 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 18,42518.4k $838.5k $838.5k 0.01% Added +2.1k +2,109
76 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 17,20317.2k $782.9k $782.9k 0.01% New
77 Columbia River Financial Group, LLC 0.51% of their portfolio VANCOUVER, WA 16,91216.9k $769.0k $769.0k 0.51% Added +1.2k +1,248
78 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 16,38916.4k $743.9k $743.9k 0.01% Reduced -12.5k -12,451
79 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 16,33916.3k $743.6k $743.6k 0.01% Reduced -202 -202
80 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 15,95116.0k $725.9k $725.9k 0.00% Added +67 +67
81 Ameritas Investment Partners, Inc. 0.02% of their portfolio LINCOLN, NE 15,39515.4k $700.6k $700.6k 0.02% Reduced -1.2k -1,210
82 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 15,34415.3k $698.3k $698.3k 0.02% Added +8.8k +8,816
83 Alesco Advisors, LLC, An ESL Co 0.02% of their portfolio Pittsford, NY 15,24015.2k $693.6k $693.6k 0.02% Unchanged
84 Ackerman Capital Advisors, LLC 0.18% of their portfolio DALLAS, TX 14,96215.0k $680.9k $680.9k 0.18% New
85 PETRA FINANCIAL ADVISORS INC 0.56% of their portfolio COLORADO SRPINGS, CO 14,90514.9k $678.3k $678.3k 0.56% Reduced -565 -565
86 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 14,00114.0k $637.2k $637.2k 0.00% Unchanged
87 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 13,79413.8k $627.8k $627.8k 0.00% New
88 SHEETS SMITH WEALTH MANAGEMENT 0.08% of their portfolio WINSTON-SALEM, NC 13,60013.6k $618.9k $618.9k 0.08% Unchanged
89 1834 INVESTMENT ADVISORS CO 0.08% of their portfolio Milwaukee, WI 13,34913.3k $607.5k $607.5k 0.08% Reduced -1.1k -1,072
90 WATERSHED PRIVATE WEALTH LLC 0.23% of their portfolio Oak Brook, IL 12,91112.9k $587.6k $587.6k 0.23% New
91 PRIVATE TRUST CO NA 0.06% of their portfolio CLEVELAND, OH 12,70012.7k $578.0k $578.0k 0.06% Reduced -133 -133
92 Stokes Family Office, LLC 0.06% of their portfolio NEW ORLEANS, LA 12,22112.2k $556.2k $556.2k 0.06% Added +250 +250
93 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 12,01912.0k $547.0k $547.0k 0.01% Added +1.4k +1,411
94 Aveo Capital Partners, LLC 0.09% of their portfolio ENGLEWOOD, CO 11,92111.9k $540.5k $540.5k 0.09% Added +1.8k +1,813
95 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 11,76311.8k $535.3k $535.3k 0.01% Added +2.0k +2,044
96 Family Capital Management, Inc. 0.33% of their portfolio GRAND RAPIDS, MI 11,68511.7k $531.8k $531.8k 0.33% Reduced -30 -30
97 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,62611.6k $529.0k $529.0k 0.00% Reduced -1.6k -1,589
98 Clearwater Capital Advisors, LLC 0.05% of their portfolio HOFFMAN ESTATES, IL 11,47611.5k $522.3k $522.3k 0.05% Reduced -200 -200
99 Ameraudi Asset Management, Inc. 0.30% of their portfolio New York, NY 11,40011.4k $518.8k $518.8k 0.30% Added +4.5k +4,510
100 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 11,29311.3k $513.9k $513.9k 0.00% Added +1.3k +1,293