VanEck High Yield Muni ETF
202 hedge funds and large institutions have $1.35B invested in VanEck High Yield Muni ETF in 2018 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 93 increasing their positions, 45 reducing their positions, and 13 closing their positions.
169% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 13
107% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 45
63% more funds holding in top 10
Funds holding in top 10: 8 → 13 (+5)
15% more capital invested
Capital invested by funds: $1.17B → $1.35B (+$176M)
12% more funds holding
Funds holding: 181 → 202 (+21)
0.3% less ownership
Funds ownership: 25.5% → 25.2% (-0.3%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $375K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$38.8M |
| 2 |
GC
Grimes & Company
Westborough,
Massachusetts
|
+$33.2M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$13.4M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$12.6M |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$8.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$14.9M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$5.91M |
| 3 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
-$2.32M |
| 4 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
-$2.02M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.48M |
HYD Hedge Fund Activity: Q2 2018 in Review
202 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q2 2018, worth a combined $1.35B — up 15% from $1.17B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new HYD positions and 13 closed out — a net gain of 22 holders — while 93 added to existing stakes and 45 trimmed.
The largest buyer was Bank of America, adding an estimated $38.8M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $14.9M sold.
- 202 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q2 2018, up from 181 in Q1 2018.
- Funds reported $1.35B of VanEck High Yield Muni ETF stock for Q2 2018, up 15% quarter-over-quarter.
- 35 funds opened new VanEck High Yield Muni ETF positions in Q2 2018 and 13 closed out, a net change of +22 holders.
- The largest VanEck High Yield Muni ETF buyer in Q2 2018 was Bank of America, an estimated $38.8M added.
- The largest VanEck High Yield Muni ETF seller in Q2 2018 was Susquehanna International Group, an estimated $14.9M sold.
Based on aggregated 13F filings for Q2 2018.