VanEck High Yield Muni ETF
108 hedge funds and large institutions have $633M invested in VanEck High Yield Muni ETF in 2014 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 19 reducing their positions, and 15 closing their positions.
147% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 19
53% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 15
28% more capital invested
Capital invested by funds: $496M → $633M (+$137M)
5% more funds holding
Funds holding: 103 → 108 (+5)
1.8% more ownership
Funds ownership: 20.16% → 21.96% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $795K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$35.2M |
| 2 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
+$13.5M |
| 3 |
Morgan Stanley
New York
|
+$11M |
| 4 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$8.37M |
| 5 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
+$7.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
Nottingham Advisors
Amherst,
New York
|
-$3.23M |
| 2 |
FAAM
First Allied Asset Management
San Diego,
California
|
-$998K |
| 3 |
IPC
Independent Portfolio Consultants
Boca Raton,
Florida
|
-$609K |
| 4 |
Bank of New York Mellon
New York
|
-$588K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$462K |
HYD Hedge Fund Activity: Q4 2014 in Review
108 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q4 2014, worth a combined $633M — up 28% from $496M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new HYD positions and 15 closed out — a net gain of 8 holders — while 47 added to existing stakes and 19 trimmed.
The largest buyer was Aviance Capital Management, adding an estimated $35.2M. The largest seller was Nottingham Advisors, cutting an estimated $3.23M.
- 108 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q4 2014, up from 103 in Q3 2014.
- Funds reported $633M of VanEck High Yield Muni ETF stock for Q4 2014, up 28% quarter-over-quarter.
- 23 funds opened new VanEck High Yield Muni ETF positions in Q4 2014 and 15 closed out, a net change of +8 holders.
- The largest VanEck High Yield Muni ETF buyer in Q4 2014 was Aviance Capital Management, an estimated $35.2M added.
- The largest VanEck High Yield Muni ETF seller in Q4 2014 was Nottingham Advisors, an estimated $3.23M sold.
Based on aggregated 13F filings for Q4 2014.