Nomura National High-Yield Municipal Bond ETF
HTAX
5 hedge funds and large institutions have $22.6M invested in Nomura National High-Yield Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 0 reducing their positions, and 3 closing their positions.
9% more capital invested
Capital invested by funds: $20.7M → $22.6M (+$1.87M)
0.49% more ownership
Funds ownership: 70.9% → 71.39% (+0.49%)
17% less funds holding
Funds holding: 6 → 5 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.35M |
| 2 |
HG
Harbor Group
Bedford,
New Hampshire
|
+$786K |
| 3 |
Jane Street
New York
|
+$361K |
| 4 |
TAM
Titleist Asset Management
San Antonio,
Texas
|
+$263K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$7.26K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$353K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$296K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$220K |
HTAX Hedge Fund Activity: Q4 2025 in Review
5 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in Nomura National High-Yield Municipal Bond ETF (HTAX) for Q4 2025, worth a combined $22.6M — up 9.1% from $20.7M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of HTAX and 2 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 3 added.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $1.35M. The largest seller was Royal Bank of Canada, exiting entirely with an estimated $353K sold.
- 5 institutional investors held Nomura National High-Yield Municipal Bond ETF (HTAX) as of Q4 2025, down from 6 in Q3 2025.
- Funds reported $22.6M of Nomura National High-Yield Municipal Bond ETF stock for Q4 2025, up 9.1% quarter-over-quarter.
- 2 funds opened new Nomura National High-Yield Municipal Bond ETF positions in Q4 2025 and 3 closed out, a net change of -1 holder.
- The largest Nomura National High-Yield Municipal Bond ETF buyer in Q4 2025 was Janney Montgomery Scott, an estimated $1.35M added.
- The largest Nomura National High-Yield Municipal Bond ETF seller in Q4 2025 was Royal Bank of Canada, an estimated $353K sold.
Based on aggregated 13F filings for Q4 2025.