VanEck High Yield Muni ETF
122 hedge funds and large institutions have $957M invested in VanEck High Yield Muni ETF in 2016 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 47 increasing their positions, 26 reducing their positions, and 18 closing their positions.
81% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 26
39% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 18
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
6% more funds holding
Funds holding: 115 → 122 (+7)
0% more capital invested
Capital invested by funds: $952M → $957M (+$4.54M)
3.84% less ownership
Funds ownership: 27.92% → 24.08% (-3.8%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$10.2M |
| 2 |
Morgan Stanley
New York
|
+$7.46M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
+$6.77M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$6.07M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$6.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$38.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$10.2M |
| 3 |
LPL Financial
San Diego,
California
|
-$5.3M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$5.23M |
| 5 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$4.58M |
HYD Hedge Fund Activity: Q1 2016 in Review
122 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q1 2016, worth a combined $957M — up 0.48% from $952M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new HYD positions and 18 closed out — a net gain of 7 holders — while 47 added to existing stakes and 26 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $10.2M. The largest seller was Hanlon Investment Management, cutting an estimated $38.9M.
- 122 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q1 2016, up from 115 in Q4 2015.
- Funds reported $957M of VanEck High Yield Muni ETF stock for Q1 2016, up 0.48% quarter-over-quarter.
- 25 funds opened new VanEck High Yield Muni ETF positions in Q1 2016 and 18 closed out, a net change of +7 holders.
- The largest VanEck High Yield Muni ETF buyer in Q1 2016 was Royal Bank of Canada, an estimated $10.2M added.
- The largest VanEck High Yield Muni ETF seller in Q1 2016 was Hanlon Investment Management, an estimated $38.9M sold.
Based on aggregated 13F filings for Q1 2016.