VanEck High Yield Muni ETF
218 hedge funds and large institutions have $1.45B invested in VanEck High Yield Muni ETF in 2019 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 107 increasing their positions, 49 reducing their positions, and 26 closing their positions.
118% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 49
7% more capital invested
Capital invested by funds: $1.35B → $1.45B (+$99M)
8% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 26
1.34% less ownership
Funds ownership: 52.6% → 51.26% (-1.3%)
2% less funds holding
Funds holding: 222 → 218 (-4)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
22% less call options, than puts
Call options by funds: $561K | Put options by funds: $721K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$37.7M |
| 2 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
+$27.8M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
+$8.94M |
| 4 |
BlackRock
New York
|
+$6.3M |
| 5 |
SAS
Sage Advisory Services
Austin,
Texas
|
+$3.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.1M |
| 2 |
Jane Street
New York
|
-$7.33M |
| 3 |
Man Group
London,
United Kingdom
|
-$6.44M |
| 4 |
IA
IndexIQ Advisors
New York
|
-$3.78M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$3.04M |
HYD Hedge Fund Activity: Q2 2019 in Review
218 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q2 2019, worth a combined $1.45B — up 7.4% from $1.35B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of HYD and 24 opened new positions — a net loss of 2 holders — while 49 trimmed existing stakes and 107 added.
The largest buyer was Bank of America, adding an estimated $37.7M. The largest seller was Morgan Stanley, cutting an estimated $8.1M.
- 218 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q2 2019, down from 222 in Q1 2019.
- Funds reported $1.45B of VanEck High Yield Muni ETF stock for Q2 2019, up 7.4% quarter-over-quarter.
- 24 funds opened new VanEck High Yield Muni ETF positions in Q2 2019 and 26 closed out, a net change of -2 holders.
- The largest VanEck High Yield Muni ETF buyer in Q2 2019 was Bank of America, an estimated $37.7M added.
- The largest VanEck High Yield Muni ETF seller in Q2 2019 was Morgan Stanley, an estimated $8.1M sold.
Based on aggregated 13F filings for Q2 2019.