VanEck High Yield Muni ETF
HYD
181 hedge funds and large institutions have $1.17B invested in VanEck High Yield Muni ETF in 2018 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 74 increasing their positions, 52 reducing their positions, and 24 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 52
11% more capital invested
Capital invested by funds: $1.06B → $1.17B (+$111M)
1.69% more ownership
Funds ownership: 23.81% → 25.5% (+1.7%)
4% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 24
1% less funds holding
Funds holding: 182 → 181 (-1)
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $375K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$95.9M |
| 2 |
SEI Investments
Oaks,
Pennsylvania
|
+$34.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$20M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$11.1M |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$5.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Grimes & Company
Westborough,
Massachusetts
|
-$32.9M |
| 2 |
Jane Street
New York
|
-$12.7M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$11.5M |
| 4 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
-$8.37M |
| 5 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
-$3.89M |
HYD Hedge Fund Activity: Q1 2018 in Review
181 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q1 2018, worth a combined $1.17B — up 11% from $1.06B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new HYD positions and 24 closed out — a net gain of 1 holder — while 74 added to existing stakes and 52 trimmed.
The largest buyer was Bank of America, adding an estimated $95.9M. The largest seller was Grimes & Company, exiting entirely with an estimated $32.9M sold.
- 181 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q1 2018, down from 182 in Q4 2017.
- Funds reported $1.17B of VanEck High Yield Muni ETF stock for Q1 2018, up 11% quarter-over-quarter.
- 25 funds opened new VanEck High Yield Muni ETF positions in Q1 2018 and 24 closed out, a net change of +1 holder.
- The largest VanEck High Yield Muni ETF buyer in Q1 2018 was Bank of America, an estimated $95.9M added.
- The largest VanEck High Yield Muni ETF seller in Q1 2018 was Grimes & Company, an estimated $32.9M sold.
Based on aggregated 13F filings for Q1 2018.