VanEck High Yield Muni ETF
83 hedge funds and large institutions have $376M invested in VanEck High Yield Muni ETF in 2014 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
40% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 20
9% more funds holding
Funds holding: 76 → 83 (+7)
0% more capital invested
Capital invested by funds: $374M → $376M (+$1.55M)
1.69% less ownership
Funds ownership: 23.75% → 22.07% (-1.7%)
36% less call options, than puts
Call options by funds: $222K | Put options by funds: $346K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RBA
Richard Bernstein Advisors
New York
|
+$18.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$18M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$18M |
| 4 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
+$16M |
| 5 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$9.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$40.9M |
| 2 |
LPL Financial
San Diego,
California
|
-$35.5M |
| 3 |
Jane Street
New York
|
-$24.8M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$12.5M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$12.4M |
HYD Hedge Fund Activity: Q1 2014 in Review
83 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q1 2014, worth a combined $376M — up 0.42% from $374M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new HYD positions and 10 closed out — a net gain of 7 holders — while 28 added to existing stakes and 20 trimmed.
The largest buyer was Richard Bernstein Advisors, adding an estimated $18.5M. The largest seller was Goldman Sachs, cutting an estimated $40.9M.
- 83 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q1 2014, up from 76 in Q4 2013.
- Funds reported $376M of VanEck High Yield Muni ETF stock for Q1 2014, up 0.42% quarter-over-quarter.
- 17 funds opened new VanEck High Yield Muni ETF positions in Q1 2014 and 10 closed out, a net change of +7 holders.
- The largest VanEck High Yield Muni ETF buyer in Q1 2014 was Richard Bernstein Advisors, an estimated $18.5M added.
- The largest VanEck High Yield Muni ETF seller in Q1 2014 was Goldman Sachs, an estimated $40.9M sold.
Based on aggregated 13F filings for Q1 2014.