VanEck High Yield Muni ETF
157 hedge funds and large institutions have $711M invested in VanEck High Yield Muni ETF in 2016 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 40 increasing their positions, 56 reducing their positions, and 20 closing their positions.
105% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 20
15% more funds holding
Funds holding: 137 → 157 (+20)
1.52% less ownership
Funds ownership: 22.52% → 21% (-1.5%)
29% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 56
33% less capital invested
Capital invested by funds: $1.07B → $711M (-$356M)
33% less call options, than puts
Call options by funds: $1.1M | Put options by funds: $1.66M
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$33.9M |
| 2 |
Goldman Sachs
New York
|
+$17.2M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$9.95M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$8.72M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$8.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RBA
Richard Bernstein Advisors
New York
|
-$95.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$74.4M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$46.7M |
| 4 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$42M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$37M |
HYD Hedge Fund Activity: Q4 2016 in Review
157 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q4 2016, worth a combined $711M — down 33% from $1.07B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new HYD positions and 20 closed out — a net gain of 21 holders — while 40 added to existing stakes and 56 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $33.9M. The largest seller was Richard Bernstein Advisors, exiting entirely with an estimated $95.9M sold.
- 157 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q4 2016, up from 137 in Q3 2016.
- Funds reported $711M of VanEck High Yield Muni ETF stock for Q4 2016, down 33% quarter-over-quarter.
- 41 funds opened new VanEck High Yield Muni ETF positions in Q4 2016 and 20 closed out, a net change of +21 holders.
- The largest VanEck High Yield Muni ETF buyer in Q4 2016 was Royal Bank of Canada, an estimated $33.9M added.
- The largest VanEck High Yield Muni ETF seller in Q4 2016 was Richard Bernstein Advisors, an estimated $95.9M sold.
Based on aggregated 13F filings for Q4 2016.