ETN ranks #73 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
2706 institutions disclose a position in ETN, but none treat it as a major bet — even Coatue Management LLC, its most concentrated holder, allocates just 4.3% of its own portfolio to it.
BlackRock has added to its ETN position for two straight quarters, increasing it by $3.7B to reach $13.1B today.
Qube Research & Technologies Ltd has trimmed its ETN position for two straight quarters, cutting it by $320.8M while still holding $15.2M.
ETN is down 3.2% today, but institutions show net buying of $64.0B this quarter — a divergence between today's price move and the underlying institutional flow.