VanEck High Yield Muni ETF
76 hedge funds and large institutions have $374M invested in VanEck High Yield Muni ETF in 2013 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 9 closing their positions.
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
10% more capital invested
Capital invested by funds: $341M → $374M (+$33.3M)
6% more funds holding
Funds holding: 72 → 76 (+4)
2.9% more ownership
Funds ownership: 20.85% → 23.75% (+2.9%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 24
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $678K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$24.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$16.5M |
| 3 |
Goldman Sachs
New York
|
+$13M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$12.7M |
| 5 |
RBA
Richard Bernstein Advisors
New York
|
+$8.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$21.2M |
| 2 |
LPL Financial
San Diego,
California
|
-$18.8M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$12M |
| 4 |
NYLIM
New York Life Investment Management
New York
|
-$6.33M |
| 5 |
AIM
Acuity Investment Management
Toronto,
Ontario, Canada
|
-$3.98M |
HYD Hedge Fund Activity: Q4 2013 in Review
76 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q4 2013, worth a combined $374M — up 9.8% from $341M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new HYD positions and 9 closed out — a net gain of 7 holders — while 23 added to existing stakes and 24 trimmed.
The largest buyer was Jane Street, adding an estimated $24.2M. The largest seller was Morgan Stanley, cutting an estimated $21.2M.
- 76 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q4 2013, up from 72 in Q3 2013.
- Funds reported $374M of VanEck High Yield Muni ETF stock for Q4 2013, up 9.8% quarter-over-quarter.
- 16 funds opened new VanEck High Yield Muni ETF positions in Q4 2013 and 9 closed out, a net change of +7 holders.
- The largest VanEck High Yield Muni ETF buyer in Q4 2013 was Jane Street, an estimated $24.2M added.
- The largest VanEck High Yield Muni ETF seller in Q4 2013 was Morgan Stanley, an estimated $21.2M sold.
Based on aggregated 13F filings for Q4 2013.