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DSM

BNY Mellon Strategic Municipal Bond Fund
DSM

58 hedge funds and large institutions have $30.8M invested in BNY Mellon Strategic Municipal Bond Fund in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 8

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

9% more funds holding

Funds holding: 53 → 58 (+5)

0.19% less ownership

Funds ownership: 7.69% → 7.5% (-0.19%)

3% less capital invested

Capital invested by funds: $31.9M → $30.8M (-$1.05M)

Holders
58
Holders Change
+5
Holders Change %
+9.43%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
18
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$551K
2
EFS
Essex Financial Services
Connecticut
+$262K
3
AWA
Arete Wealth Advisors
Illinois
+$248K
4
Morgan Stanley
Morgan Stanley
New York
+$219K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$159K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$2.31M
2
NPC
National Planning Corporation
California
-$260K
3
DA
Doliver Advisors
Texas
-$143K
4
LCM
Laurion Capital Management
New York
-$124K
5
Invesco
Invesco
Georgia
-$57.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
EDRIA
26
Edmonds Duncan Registered Investment Advisors
Kansas
$216K +$8.46K +1,000 +4%
SMC
27
Smith, Moore & Co
Missouri
$201K +$11K +1,300 +6%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$200K -$29.7K -3,515 -13%
SWP
29
Stratos Wealth Partners
Ohio
$171K – – –
MML Investors Services
30
MML Investors Services
Massachusetts
$170K -$9.04K -1,068 -5%
Fifth Third Bancorp
31
Fifth Third Bancorp
Ohio
$163K -$40.3K -4,762 -20%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$161K +$159K +18,790 New
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$158K – – –
MHS
34
M Holdings Securities
Oregon
$136K +$1.19K +140 +0.9%
SPIA
35
Steward Partners Investment Advisory
New York
$131K +$130K +15,308 +12,446%
PAM
36
Private Asset Management
California
$129K – – –
SSB
37
Sandy Spring Bank
Maryland
$129K – – –
BFEC
38
Benjamin F. Edwards & Company
Missouri
$129K +$26.5K +3,134 +26%
Creative Planning
39
Creative Planning
Kansas
$123K -$10.2K -1,200 -8%
NSIM
40
North Star Investment Management
Illinois
$112K – – –
WS
41
Wedbush Securities
California
$103K +$102K +12,000 New
RJT
42
Raymond James Trust
Florida
$94K – – –
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$93K – – –
VCM
44
Virtue Capital Management
Tennessee
$81K +$80.5K +9,511 New
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$80K +$14.3K +1,684 +22%
CA
46
Calton & Associates
Florida
$63K +$63.6K +7,516 New
DPA
47
Delphi Private Advisors
California
$50K – – –
AIP
48
Ameritas Investment Partners
Nebraska
$23K – – –
AOWM
49
Alpha Omega Wealth Management
Virginia
$17K – – –
RFC
50
Regions Financial Corp
Alabama
$11K +$10.9K +1,292 New
1
2
3

DSM Hedge Fund Activity: Q4 2017 in Review

58 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q4 2017, worth a combined $30.8M — down 3.3% from $31.9M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new DSM positions and 6 closed out — a net gain of 5 holders — while 18 added to existing stakes and 8 trimmed.

The largest buyer was LPL Financial, opening a new position worth an estimated $551K. The largest seller was Guggenheim Capital, cutting an estimated $2.31M.

  • 58 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q4 2017, up from 53 in Q3 2017.
  • Funds reported $30.8M of BNY Mellon Strategic Municipal Bond Fund stock for Q4 2017, down 3.3% quarter-over-quarter.
  • 11 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q4 2017 and 6 closed out, a net change of +5 holders.
  • The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q4 2017 was LPL Financial, an estimated $551K added.
  • The largest BNY Mellon Strategic Municipal Bond Fund seller in Q4 2017 was Guggenheim Capital, an estimated $2.31M sold.

Based on aggregated 13F filings for Q4 2017.