VanEck High Yield Muni ETF
117 hedge funds and large institutions have $738M invested in VanEck High Yield Muni ETF in 2015 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 49 increasing their positions, 28 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
75% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 28
17% more capital invested
Capital invested by funds: $633M → $738M (+$105M)
8% more funds holding
Funds holding: 108 → 117 (+9)
2.87% more ownership
Funds ownership: 21.96% → 24.83% (+2.9%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $235K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RBA
Richard Bernstein Advisors
New York
|
+$35.8M |
| 2 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$19.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$17.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$13.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$9.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
-$16.4M |
| 2 |
NA
Nottingham Advisors
Amherst,
New York
|
-$8.89M |
| 3 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
-$7.6M |
| 4 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$3.67M |
| 5 |
Jane Street
New York
|
-$2.07M |
HYD Hedge Fund Activity: Q1 2015 in Review
117 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q1 2015, worth a combined $738M — up 17% from $633M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new HYD positions and 7 closed out — a net gain of 11 holders — while 49 added to existing stakes and 28 trimmed.
The largest buyer was Richard Bernstein Advisors, adding an estimated $35.8M. The largest seller was Piershale Financial Group, cutting an estimated $16.4M.
- 117 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q1 2015, up from 108 in Q4 2014.
- Funds reported $738M of VanEck High Yield Muni ETF stock for Q1 2015, up 17% quarter-over-quarter.
- 18 funds opened new VanEck High Yield Muni ETF positions in Q1 2015 and 7 closed out, a net change of +11 holders.
- The largest VanEck High Yield Muni ETF buyer in Q1 2015 was Richard Bernstein Advisors, an estimated $35.8M added.
- The largest VanEck High Yield Muni ETF seller in Q1 2015 was Piershale Financial Group, an estimated $16.4M sold.
Based on aggregated 13F filings for Q1 2015.