VanEck High Yield Muni ETF
211 hedge funds and large institutions have $1.19B invested in VanEck High Yield Muni ETF in 2018 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 47 increasing their positions, 92 reducing their positions, and 43 closing their positions.
37% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 43
25.79% more ownership
Funds ownership: 24.48% → 50.27% (+26%)
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
8% more funds holding
Funds holding: 195 → 211 (+16)
11% less capital invested
Capital invested by funds: $1.34B → $1.19B (-$152M)
49% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 92
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $51K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$28.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$16.5M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$7.35M |
| 4 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
+$4.9M |
| 5 |
IA
IndexIQ Advisors
New York
|
+$4.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$45.9M |
| 2 |
SEI Investments
Oaks,
Pennsylvania
|
-$22.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$17.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$15.5M |
| 5 |
NAM
NorthCoast Asset Management
Greenwich,
Connecticut
|
-$10M |
HYD Hedge Fund Activity: Q4 2018 in Review
211 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q4 2018, worth a combined $1.19B — down 11% from $1.34B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new HYD positions and 43 closed out — a net gain of 16 holders — while 47 added to existing stakes and 92 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $28.7M. The largest seller was Wells Fargo, cutting an estimated $45.9M.
- 211 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q4 2018, up from 195 in Q3 2018.
- Funds reported $1.19B of VanEck High Yield Muni ETF stock for Q4 2018, down 11% quarter-over-quarter.
- 59 funds opened new VanEck High Yield Muni ETF positions in Q4 2018 and 43 closed out, a net change of +16 holders.
- The largest VanEck High Yield Muni ETF buyer in Q4 2018 was Royal Bank of Canada, an estimated $28.7M added.
- The largest VanEck High Yield Muni ETF seller in Q4 2018 was Wells Fargo, an estimated $45.9M sold.
Based on aggregated 13F filings for Q4 2018.