VanEck High Yield Muni ETF
153 hedge funds and large institutions have $779M invested in VanEck High Yield Muni ETF in 2017 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 54 increasing their positions, 52 reducing their positions, and 25 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
10% more capital invested
Capital invested by funds: $711M → $779M (+$68.2M)
4% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 52
0.24% more ownership
Funds ownership: 21% → 21.24% (+0.24%)
4% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 25
3% less funds holding
Funds holding: 157 → 153 (-4)
79% less call options, than puts
Call options by funds: $333K | Put options by funds: $1.55M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$33.7M |
| 2 |
PP
PagnatoKarp Partners
Reston,
Virginia
|
+$19.1M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
+$17.9M |
| 4 |
BOTW
Bank of the West
Monterey Park,
California
|
+$14.5M |
| 5 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$29.6M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
-$9.8M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$8.4M |
| 4 |
Goldman Sachs
New York
|
-$3.16M |
| 5 |
BlackRock
New York
|
-$3.09M |
HYD Hedge Fund Activity: Q1 2017 in Review
153 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q1 2017, worth a combined $779M — up 9.6% from $711M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of HYD and 24 opened new positions — a net loss of 1 holder — while 52 trimmed existing stakes and 54 added.
The largest buyer was Bank of America, adding an estimated $33.7M. The largest seller was Royal Bank of Canada, cutting an estimated $29.6M.
- 153 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q1 2017, down from 157 in Q4 2016.
- Funds reported $779M of VanEck High Yield Muni ETF stock for Q1 2017, up 9.6% quarter-over-quarter.
- 24 funds opened new VanEck High Yield Muni ETF positions in Q1 2017 and 25 closed out, a net change of -1 holder.
- The largest VanEck High Yield Muni ETF buyer in Q1 2017 was Bank of America, an estimated $33.7M added.
- The largest VanEck High Yield Muni ETF seller in Q1 2017 was Royal Bank of Canada, an estimated $29.6M sold.
Based on aggregated 13F filings for Q1 2017.