VanEck High Yield Muni ETF
101 hedge funds and large institutions have $465M invested in VanEck High Yield Muni ETF in 2014 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 41 increasing their positions, 16 reducing their positions, and 8 closing their positions.
225% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 8
156% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 16
24% more capital invested
Capital invested by funds: $376M → $465M (+$89.4M)
22% more funds holding
Funds holding: 83 → 101 (+18)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.58% less ownership
Funds ownership: 22.07% → 21.49% (-0.58%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $730K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$24.7M |
| 2 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
+$13.8M |
| 3 |
NA
Nottingham Advisors
Amherst,
New York
|
+$12.2M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$11M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$16.2M |
| 2 |
CP
Corbenic Partners
Bethlehem,
Pennsylvania
|
-$9.38M |
| 3 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$5.3M |
| 4 |
Goldman Sachs
New York
|
-$2.61M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
-$2.15M |
HYD Hedge Fund Activity: Q2 2014 in Review
101 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q2 2014, worth a combined $465M — up 24% from $376M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new HYD positions and 8 closed out — a net gain of 18 holders — while 41 added to existing stakes and 16 trimmed.
The largest buyer was Bank of America, adding an estimated $24.7M. The largest seller was Hanlon Investment Management, exiting entirely with an estimated $16.2M sold.
- 101 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q2 2014, up from 83 in Q1 2014.
- Funds reported $465M of VanEck High Yield Muni ETF stock for Q2 2014, up 24% quarter-over-quarter.
- 26 funds opened new VanEck High Yield Muni ETF positions in Q2 2014 and 8 closed out, a net change of +18 holders.
- The largest VanEck High Yield Muni ETF buyer in Q2 2014 was Bank of America, an estimated $24.7M added.
- The largest VanEck High Yield Muni ETF seller in Q2 2014 was Hanlon Investment Management, an estimated $16.2M sold.
Based on aggregated 13F filings for Q2 2014.