BNY Mellon Strategic Municipal Bond Fund
DSM
51 hedge funds and large institutions have $33.8M invested in BNY Mellon Strategic Municipal Bond Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 4 closing their positions.
0.63% less ownership
Funds ownership: 8.4% → 7.77% (-0.63%)
4% less funds holding
Funds holding: 53 → 51 (-2)
10% less capital invested
Capital invested by funds: $37.4M → $33.8M (-$3.63M)
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.57M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$460K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$210K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$122K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$68.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EDRIA
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
|
-$1.75M |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
-$1.36M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$886K |
| 4 |
Morgan Stanley
New York
|
-$262K |
| 5 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
-$202K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWA
51
Sutton Wealth Advisors
Tampa,
Florida
| $2.39K | +$2.42K | +270 | New |
|
52
Citadel Advisors
Miami,
Florida
| – | -$106K | -11,733 | Closed |
|
|
NFG
53
Next Financial Group
Houston,
Texas
| – | -$100K | -11,111 | Closed |
|
|
MF
54
Magnetar Financial
Evanston,
Illinois
| – | -$94K | -10,375 | Closed |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$13K | -1,450 | Closed |
|
DSM Hedge Fund Activity: Q3 2016 in Review
51 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipal Bond Fund (DSM) for Q3 2016, worth a combined $33.8M — down 9.7% from $37.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of DSM and 3 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 13 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.57M. The largest seller was Edmonds Duncan Registered Investment Advisors, cutting an estimated $1.75M.
- 51 institutional investors held BNY Mellon Strategic Municipal Bond Fund (DSM) as of Q3 2016, down from 53 in Q2 2016.
- Funds reported $33.8M of BNY Mellon Strategic Municipal Bond Fund stock for Q3 2016, down 9.7% quarter-over-quarter.
- 3 funds opened new BNY Mellon Strategic Municipal Bond Fund positions in Q3 2016 and 4 closed out, a net change of -1 holder.
- The largest BNY Mellon Strategic Municipal Bond Fund buyer in Q3 2016 was Guggenheim Capital, an estimated $1.57M added.
- The largest BNY Mellon Strategic Municipal Bond Fund seller in Q3 2016 was Edmonds Duncan Registered Investment Advisors, an estimated $1.75M sold.
Based on aggregated 13F filings for Q3 2016.