VanEck High Yield Muni ETF
115 hedge funds and large institutions have $952M invested in VanEck High Yield Muni ETF in 2015 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 52 increasing their positions, 24 reducing their positions, and 10 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 24
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
22% more capital invested
Capital invested by funds: $783M → $952M (+$169M)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
7% more funds holding
Funds holding: 107 → 115 (+8)
2.3% more ownership
Funds ownership: 25.62% → 27.92% (+2.3%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $230K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
+$82.4M |
| 2 |
LPL Financial
San Diego,
California
|
+$22.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$12.9M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
+$7.03M |
| 5 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
+$4.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.63M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.09M |
| 3 |
Barclays
London,
United Kingdom
|
-$993K |
| 4 |
Natixis Advisors
Boston,
Massachusetts
|
-$950K |
| 5 |
GC
Grimes & Company
Westborough,
Massachusetts
|
-$915K |
HYD Hedge Fund Activity: Q4 2015 in Review
115 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q4 2015, worth a combined $952M — up 22% from $783M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new HYD positions and 10 closed out — a net gain of 9 holders — while 52 added to existing stakes and 24 trimmed.
The largest buyer was Hanlon Investment Management, opening a new position worth an estimated $82.4M. The largest seller was Wells Fargo, cutting an estimated $2.63M.
- 115 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q4 2015, up from 107 in Q3 2015.
- Funds reported $952M of VanEck High Yield Muni ETF stock for Q4 2015, up 22% quarter-over-quarter.
- 19 funds opened new VanEck High Yield Muni ETF positions in Q4 2015 and 10 closed out, a net change of +9 holders.
- The largest VanEck High Yield Muni ETF buyer in Q4 2015 was Hanlon Investment Management, an estimated $82.4M added.
- The largest VanEck High Yield Muni ETF seller in Q4 2015 was Wells Fargo, an estimated $2.63M sold.
Based on aggregated 13F filings for Q4 2015.