VanEck High Yield Muni ETF
195 hedge funds and large institutions have $1.34B invested in VanEck High Yield Muni ETF in 2018 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 76 increasing their positions, 69 reducing their positions, and 30 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 69
1% less capital invested
Capital invested by funds: $1.35B → $1.34B (-$8.3M)
0.72% less ownership
Funds ownership: 25.2% → 24.48% (-0.72%)
3% less funds holding
Funds holding: 202 → 195 (-7)
23% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 30
54% less funds holding in top 10
Funds holding in top 10: 13 → 6 (-7)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $707K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NAM
NorthCoast Asset Management
Greenwich,
Connecticut
|
+$28.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$24M |
| 3 |
Jane Street
New York
|
+$23.6M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$14M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$8.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$34.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$11.4M |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
-$7.83M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$7.25M |
| 5 |
PFA
Pinnacle Family Advisors
Springfield,
Missouri
|
-$7.01M |
HYD Hedge Fund Activity: Q3 2018 in Review
195 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q3 2018, worth a combined $1.34B — down 0.62% from $1.35B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of HYD and 23 opened new positions — a net loss of 7 holders — while 69 trimmed existing stakes and 76 added.
The largest buyer was NorthCoast Asset Management, adding an estimated $28.8M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $34.8M sold.
- 195 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q3 2018, down from 202 in Q2 2018.
- Funds reported $1.34B of VanEck High Yield Muni ETF stock for Q3 2018, down 0.62% quarter-over-quarter.
- 23 funds opened new VanEck High Yield Muni ETF positions in Q3 2018 and 30 closed out, a net change of -7 holders.
- The largest VanEck High Yield Muni ETF buyer in Q3 2018 was NorthCoast Asset Management, an estimated $28.8M added.
- The largest VanEck High Yield Muni ETF seller in Q3 2018 was Envestnet Asset Management, an estimated $34.8M sold.
Based on aggregated 13F filings for Q3 2018.