BNY Mellon Municipal Bond Infrastructure Fund
DMB
29 hedge funds and large institutions have $40.5M invested in BNY Mellon Municipal Bond Infrastructure Fund in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 3 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
13% more capital invested
Capital invested by funds: $35.7M → $40.5M (+$4.77M)
7% more funds holding
Funds holding: 27 → 29 (+2)
1.64% more ownership
Funds ownership: 14.82% → 16.46% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.1M |
| 3 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
+$785K |
| 4 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$448K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$359K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.38M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$457K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$244K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
-$154K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$68K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $130K | +$6.46K | +484 | +5% |
|
27
Citigroup
New York
| $111K | – | – | – |
|
28
Fifth Third Bancorp
Cincinnati,
Ohio
| $100K | +$100K | +7,500 | New |
|
|
TJHA
29
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $77K | -$244K | -18,261 | -76% |
|
|
WS
30
Wedbush Securities
Los Angeles,
California
| – | -$154K | -11,746 | Closed |
|
|
31
Creative Planning
Overland Park,
Kansas
| – | -$68K | -5,200 | Closed |
|
|
MA
32
MUFG Americas
New York
| – | -$1K | -57 | Closed |
|
DMB Hedge Fund Activity: Q3 2017 in Review
29 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Municipal Bond Infrastructure Fund (DMB) for Q3 2017, worth a combined $40.5M — up 13% from $35.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DMB positions and 3 closed out — a net gain of 2 holders — while 16 added to existing stakes and 7 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $1.8M. The largest seller was Advisors Asset Management, cutting an estimated $1.38M.
- 29 institutional investors held BNY Mellon Municipal Bond Infrastructure Fund (DMB) as of Q3 2017, up from 27 in Q2 2017.
- Funds reported $40.5M of BNY Mellon Municipal Bond Infrastructure Fund stock for Q3 2017, up 13% quarter-over-quarter.
- 5 funds opened new BNY Mellon Municipal Bond Infrastructure Fund positions in Q3 2017 and 3 closed out, a net change of +2 holders.
- The largest BNY Mellon Municipal Bond Infrastructure Fund buyer in Q3 2017 was Parametric Portfolio Associates, an estimated $1.8M added.
- The largest BNY Mellon Municipal Bond Infrastructure Fund seller in Q3 2017 was Advisors Asset Management, an estimated $1.38M sold.
Based on aggregated 13F filings for Q3 2017.