VanEck High Yield Muni ETF
231 hedge funds and large institutions have $1.51B invested in VanEck High Yield Muni ETF in 2019 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 91 increasing their positions, 57 reducing their positions, and 20 closing their positions.
70% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 20
60% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 57
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
6% more funds holding
Funds holding: 218 → 231 (+13)
5% more capital invested
Capital invested by funds: $1.45B → $1.51B (+$68.1M)
1.57% less ownership
Funds ownership: 51.26% → 49.69% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$42.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$21.2M |
| 3 |
PCM
Price Capital Management
Lafayette,
Louisiana
|
+$17.5M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
+$12.8M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$5.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Grimes & Company
Westborough,
Massachusetts
|
-$39.9M |
| 2 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$28.1M |
| 3 |
BlackRock
New York
|
-$6.71M |
| 4 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$2.16M |
| 5 |
Man Group
London,
United Kingdom
|
-$2.05M |
HYD Hedge Fund Activity: Q3 2019 in Review
231 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q3 2019, worth a combined $1.51B — up 4.7% from $1.45B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new HYD positions and 20 closed out — a net gain of 14 holders — while 91 added to existing stakes and 57 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $42.8M. The largest seller was Grimes & Company, exiting entirely with an estimated $39.9M sold.
- 231 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q3 2019, up from 218 in Q2 2019.
- Funds reported $1.51B of VanEck High Yield Muni ETF stock for Q3 2019, up 4.7% quarter-over-quarter.
- 34 funds opened new VanEck High Yield Muni ETF positions in Q3 2019 and 20 closed out, a net change of +14 holders.
- The largest VanEck High Yield Muni ETF buyer in Q3 2019 was Jane Street, an estimated $42.8M added.
- The largest VanEck High Yield Muni ETF seller in Q3 2019 was Grimes & Company, an estimated $39.9M sold.
Based on aggregated 13F filings for Q3 2019.