VanEck High Yield Muni ETF
107 hedge funds and large institutions have $783M invested in VanEck High Yield Muni ETF in 2015 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 30 increasing their positions, 43 reducing their positions, and 19 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
10% more capital invested
Capital invested by funds: $715M → $783M (+$68.7M)
2.55% more ownership
Funds ownership: 23.07% → 25.62% (+2.6%)
7% less call options, than puts
Call options by funds: $300K | Put options by funds: $324K
5% less funds holding
Funds holding: 113 → 107 (-6)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
30% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$104M |
| 2 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$67.9M |
| 3 |
GC
Grimes & Company
Westborough,
Massachusetts
|
+$20.1M |
| 4 |
RBA
Richard Bernstein Advisors
New York
|
+$6.26M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$5.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$13.7M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$13.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$10.8M |
| 4 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$7.13M |
| 5 |
Morgan Stanley
New York
|
-$6.99M |
HYD Hedge Fund Activity: Q3 2015 in Review
107 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q3 2015, worth a combined $783M — up 9.6% from $715M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of HYD and 14 opened new positions — a net loss of 5 holders — while 43 trimmed existing stakes and 30 added.
The largest buyer was Bank of America, adding an estimated $104M. The largest seller was Jane Street, exiting entirely with an estimated $13.7M sold.
- 107 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q3 2015, down from 113 in Q2 2015.
- Funds reported $783M of VanEck High Yield Muni ETF stock for Q3 2015, up 9.6% quarter-over-quarter.
- 14 funds opened new VanEck High Yield Muni ETF positions in Q3 2015 and 19 closed out, a net change of -5 holders.
- The largest VanEck High Yield Muni ETF buyer in Q3 2015 was Bank of America, an estimated $104M added.
- The largest VanEck High Yield Muni ETF seller in Q3 2015 was Jane Street, an estimated $13.7M sold.
Based on aggregated 13F filings for Q3 2015.