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LEO

BNY Mellon Strategic Municipals
LEO

54 hedge funds and large institutions have $15.9M invested in BNY Mellon Strategic Municipals in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

6% more funds holding

Funds holding: 51 → 54 (+3)

5% more capital invested

Capital invested by funds: $15.2M → $15.9M (+$777K)

0.02% more ownership

Funds ownership: 3.05% → 3.07% (+0.02%)

29% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 14

Holders
54
Holders Change
+3
Holders Change %
+5.88%
% of All Funds
1.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
10
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
B
Baird
Wisconsin
+$230K
2
Wells Fargo
Wells Fargo
California
+$207K
3
LPL Financial
LPL Financial
California
+$160K
4
SI
SII Investments
Wisconsin
+$144K
5
VKH
Virtu KCG Holdings
New York
+$134K

Top Sellers

Rank Fund Capital Flow
1
DLG
Daniel L. Goodwin
-$491K
2
Invesco
Invesco
Georgia
-$169K
3
ICOA
Investment Centers of America
North Dakota
-$103K
4
GC
Guggenheim Capital
Illinois
-$70.2K
5
CIA
Capital Investment Advisors
Georgia
-$56.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$174K – – –
WKWM
27
Walter & Keenan Wealth Management
Indiana
$169K – – –
HK
28
Horizon Kinetics
New York
$154K -$36K -4,350 -19%
KeyBank National Association
29
KeyBank National Association
Ohio
$149K – – –
SI
30
SII Investments
Wisconsin
$148K +$144K +17,459 New
1SB
31
1ST Source Bank
Indiana
$138K – – –
VKH
32
Virtu KCG Holdings
New York
$137K +$134K +16,205 New
WA
33
WFG Advisors
Texas
$131K – – –
Bank of America
34
Bank of America
North Carolina
$126K +$18.7K +2,255 +18%
FAAS
35
First Allied Advisory Services
California
$125K +$122K +14,700 New
HIM
36
Hanlon Investment Management
New Jersey
$117K – – –
FCCM
37
First City Capital Management
Georgia
$112K – – –
RJT
38
Raymond James Trust
Florida
$106K – – –
Jane Street
39
Jane Street
New York
$90K +$88.5K +10,700 New
KT
40
Kanaly Trust
Texas
$84K – – –
BFEC
41
Benjamin F. Edwards & Company
Missouri
$83K +$24K +2,900 +42%
US Bancorp
42
US Bancorp
Minnesota
$79K – – –
Deutsche Bank
43
Deutsche Bank
Germany
$28K – – –
Ameriprise
44
Ameriprise
Minnesota
$23K – – –
AIG
45
American International Group
New York
$16.9K +$132 +16 +0.8%
FMII
46
Farmers & Merchants Investments Inc
Nebraska
$15K – – –
FAM
47
Formidable Asset Management
Ohio
$11K – – –
BRWA
48
B. Riley Wealth Advisors
Florida
$8.91K +$8.74K +1,056 New
Citigroup
49
Citigroup
New York
$5K -$32.4K -3,920 -88%
MFS
50
MSI Financial Services
Massachusetts
$4K – – –
1
2
3

LEO Hedge Fund Activity: Q2 2014 in Review

54 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q2 2014, worth a combined $15.9M — up 5.1% from $15.2M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new LEO positions and 3 closed out — a net gain of 3 holders — while 10 added to existing stakes and 14 trimmed.

The largest buyer was Baird, opening a new position worth an estimated $230K. The largest seller was Daniel L. Goodwin, exiting entirely with an estimated $491K sold.

  • 54 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q2 2014, up from 51 in Q1 2014.
  • Funds reported $15.9M of BNY Mellon Strategic Municipals stock for Q2 2014, up 5.1% quarter-over-quarter.
  • 6 funds opened new BNY Mellon Strategic Municipals positions in Q2 2014 and 3 closed out, a net change of +3 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q2 2014 was Baird, an estimated $230K added.
  • The largest BNY Mellon Strategic Municipals seller in Q2 2014 was Daniel L. Goodwin, an estimated $491K sold.

Based on aggregated 13F filings for Q2 2014.