VanEck High Yield Muni ETF
72 hedge funds and large institutions have $341M invested in VanEck High Yield Muni ETF in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 27 reducing their positions, and 17 closing their positions.
1.65% more ownership
Funds ownership: 19.2% → 20.85% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less capital invested
Capital invested by funds: $371M → $341M (-$30.3M)
9% less funds holding
Funds holding: 79 → 72 (-7)
26% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 27
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$10.1M |
| 2 |
NYLIM
New York Life Investment Management
New York
|
+$6.33M |
| 3 |
RBA
Richard Bernstein Advisors
New York
|
+$5.84M |
| 4 |
AIM
Acuity Investment Management
Toronto,
Ontario, Canada
|
+$5.8M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$5.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$9.25M |
| 2 |
LPL Financial
San Diego,
California
|
-$8.59M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$6.9M |
| 4 |
Morgan Stanley
New York
|
-$6.47M |
| 5 |
Goldman Sachs
New York
|
-$3.28M |
HYD Hedge Fund Activity: Q3 2013 in Review
72 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q3 2013, worth a combined $341M — down 8.2% from $371M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of HYD and 10 opened new positions — a net loss of 7 holders — while 27 trimmed existing stakes and 20 added.
The largest buyer was AllianceBernstein, opening a new position worth an estimated $10.1M. The largest seller was UBS, cutting an estimated $9.25M.
- 72 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q3 2013, down from 79 in Q2 2013.
- Funds reported $341M of VanEck High Yield Muni ETF stock for Q3 2013, down 8.2% quarter-over-quarter.
- 10 funds opened new VanEck High Yield Muni ETF positions in Q3 2013 and 17 closed out, a net change of -7 holders.
- The largest VanEck High Yield Muni ETF buyer in Q3 2013 was AllianceBernstein, an estimated $10.1M added.
- The largest VanEck High Yield Muni ETF seller in Q3 2013 was UBS, an estimated $9.25M sold.
Based on aggregated 13F filings for Q3 2013.