VanEck High Yield Muni ETF
182 hedge funds and large institutions have $1.06B invested in VanEck High Yield Muni ETF in 2017 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 76 increasing their positions, 43 reducing their positions, and 19 closing their positions.
100% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 19
77% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 43
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
13% more capital invested
Capital invested by funds: $940M → $1.06B (+$120M)
10% more funds holding
Funds holding: 166 → 182 (+16)
1.33% more ownership
Funds ownership: 22.48% → 23.81% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Grimes & Company
Westborough,
Massachusetts
|
+$32.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$15.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$15.6M |
| 4 |
Jane Street
New York
|
+$12.4M |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
+$6.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.7M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.66M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$5.18M |
| 4 |
PP
PagnatoKarp Partners
Reston,
Virginia
|
-$3.76M |
| 5 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$2.38M |
HYD Hedge Fund Activity: Q4 2017 in Review
182 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q4 2017, worth a combined $1.06B — up 13% from $940M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new HYD positions and 19 closed out — a net gain of 19 holders — while 76 added to existing stakes and 43 trimmed.
The largest buyer was Grimes & Company, adding an estimated $32.2M. The largest seller was Morgan Stanley, cutting an estimated $6.7M.
- 182 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q4 2017, up from 166 in Q3 2017.
- Funds reported $1.06B of VanEck High Yield Muni ETF stock for Q4 2017, up 13% quarter-over-quarter.
- 38 funds opened new VanEck High Yield Muni ETF positions in Q4 2017 and 19 closed out, a net change of +19 holders.
- The largest VanEck High Yield Muni ETF buyer in Q4 2017 was Grimes & Company, an estimated $32.2M added.
- The largest VanEck High Yield Muni ETF seller in Q4 2017 was Morgan Stanley, an estimated $6.7M sold.
Based on aggregated 13F filings for Q4 2017.