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VanEck High Yield Muni ETF

HYD

Market cap $4.51B

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.

New

Increased

Maintained

Reduced

Closed

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

10% more capital invested

Capital invested by funds: $710M → $783M (+$73.4M)

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

Holders

107

Holders Change

-6

Holders Change %

-5.31%

% of All Funds

2.99%

Holding in Top 10

Holding in Top 10 Change

Holding in Top 10 Change %

+150%

% of All Funds

0.14%

New

Increased

Reduced

Closed

Calls

$300K

Puts

$324K

Net Calls

-$24K

Net Calls Change

+$589K

Top Buyers

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

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

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 Bank of America Charlotte, North Carolina	$186M	+$104M	+1,721,544	+131%
2	RBA 2 Richard Bernstein Advisors New York	$89.4M	+$6.26M	+103,521	+8%
3	3 Wells Fargo San Francisco, California	$86.1M	-$10.8M	-179,502	-11%
4	4 UBS Group Zurich, Switzerland	$81.3M	+$1.36M	+22,453	+2%
5	ACM 5 Aviance Capital Management Sarasota, Florida	$68.8M	+$67.9M	+1,124,203	New
6	6 Morgan Stanley New York	$50.2M	-$6.99M	-115,630	-12%
7	PO 7 Private Ocean San Rafael, California	$30.5M	-$191K	-3,164	-0.6%
8	GC 8 Grimes & Company Westborough, Massachusetts	$20.3M	+$20.1M	+332,525	New
9	GC 9 Guggenheim Capital Chicago, Illinois	$17.2M	+$394K	+6,522	+2%
10	10 SEI Investments Oaks, Pennsylvania	$15M	-$4.34M	-71,899	-23%
11	11 LPL Financial San Diego, California	$13.4M	-$939K	-15,539	-7%
12	12 Northwestern Mutual Wealth Management Milwaukee, Wisconsin	$11.7M	+$1.47M	+24,372	+15%
13	BA 13 BlackRock Advisors Wilmington, Delaware	$9.17M	–	–	–
14	14 Goldman Sachs New York	$7.38M	-$46.4K	-768	-0.6%
15	RJFSA 15 Raymond James Financial Services Advisors St. Petersburg, Florida	$5.66M	+$5.59M	+92,483	New
16	TNBTD 16 Trustmark National Bank Trust Department Jackson, Mississippi	$5.15M	-$1.43M	-23,590	-22%
17	JIP 17 Jaffetilchin Investment Partners Tampa, Florida	$5.14M	+$52.5K	+869	+1%
18	18 Stifel Financial St. Louis, Missouri	$5M	+$112K	+1,854	+2%
19	NMIS 19 Northwestern Mutual Investment Services Milwaukee, Wisconsin	$3.94M	+$530K	+8,767	+16%
20	HIM 20 Hillsdale Investment Management Toronto, Ontario, Canada	$3.57M	–	–	–
21	CNB 21 City National Bank Beverly Hills, California	$3.32M	+$472K	+7,817	+17%
22	OC 22 Oppenheimer & Co New York	$3.23M	+$143K	+2,368	+5%
23	CS 23 Credit Suisse Zurich, Switzerland	$3.01M	-$133K	-2,208	-4%
24	24 Royal Bank of Canada Toronto, Ontario, Canada	$2.89M	-$13.6M	-224,758	-83%
25	25 Natixis Advisors Boston, Massachusetts	$2.81M	-$31.7K	-525	-1%