VanEck High Yield Muni ETF
243 hedge funds and large institutions have $1.43B invested in VanEck High Yield Muni ETF in 2020 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 77 increasing their positions, 88 reducing their positions, and 40 closing their positions.
3.02% less ownership
Funds ownership: 55.65% → 52.63% (-3%)
3% less funds holding
Funds holding: 251 → 243 (-8)
7% less capital invested
Capital invested by funds: $1.54B → $1.43B (-$108M)
13% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 88
18% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 40
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
57% less call options, than puts
Call options by funds: $10.2M | Put options by funds: $23.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$25.3M |
| 2 |
HT
HAP Trading
New York
|
+$24.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$20.2M |
| 4 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$7.9M |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
+$6.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
BTS Asset Management
Lincoln,
Massachusetts
|
-$36.4M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$32.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$22.2M |
| 4 |
AssetMark Inc
Concord,
California
|
-$20.8M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
-$16.2M |
HYD Hedge Fund Activity: Q3 2020 in Review
243 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in VanEck High Yield Muni ETF (HYD) for Q3 2020, worth a combined $1.43B — down 7% from $1.54B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of HYD and 33 opened new positions — a net loss of 7 holders — while 88 trimmed existing stakes and 77 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $25.3M. The largest seller was BTS Asset Management, exiting entirely with an estimated $36.4M sold.
- 243 institutional investors held VanEck High Yield Muni ETF (HYD) as of Q3 2020, down from 251 in Q2 2020.
- Funds reported $1.43B of VanEck High Yield Muni ETF stock for Q3 2020, down 7% quarter-over-quarter.
- 33 funds opened new VanEck High Yield Muni ETF positions in Q3 2020 and 40 closed out, a net change of -7 holders.
- The largest VanEck High Yield Muni ETF buyer in Q3 2020 was Citadel Advisors, an estimated $25.3M added.
- The largest VanEck High Yield Muni ETF seller in Q3 2020 was BTS Asset Management, an estimated $36.4M sold.
Based on aggregated 13F filings for Q3 2020.