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LEO

BNY Mellon Strategic Municipals
LEO

60 hedge funds and large institutions have $31.6M invested in BNY Mellon Strategic Municipals in 2017 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 11

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

3% more funds holding

Funds holding: 58 → 60 (+2)

0.69% less ownership

Funds ownership: 6.88% → 6.2% (-0.69%)

12% less capital invested

Capital invested by funds: $35.8M → $31.6M (-$4.16M)

Holders
60
Holders Change
+2
Holders Change %
+3.45%
% of All Funds
1.36%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
20
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$440K
2
UBS Group
UBS Group
Switzerland
+$273K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$169K
4
Bank of America
Bank of America
North Carolina
+$135K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$116K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$3.76M
2
LCM
Laurion Capital Management
New York
-$828K
3
CA
Cornerstone Advisory
Maryland
-$415K
4
DA
Doliver Advisors
Texas
-$148K
5
UCFA
United Capital Financial Advisors
Texas
-$105K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$208K +$22.1K +2,524 +12%
YP
27
Yellowstone Partners
Idaho
$207K – – –
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$174K -$27.2K -3,100 -13%
WKWM
29
Walter & Keenan Wealth Management
Indiana
$173K – – –
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$167K +$169K +19,335 New
1WA
31
180 Wealth Advisors
Washington
$166K +$168K +19,181 New
EFS
32
Essex Financial Services
Connecticut
$162K – – –
KeyBank National Association
33
KeyBank National Association
Ohio
$157K -$43.8K -5,000 -22%
IAMOG
34
Investors Asset Management of Georgia
Georgia
$156K – – –
SIA
35
Sit Investment Associates
Minnesota
$144K – – –
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$143K +$3.07K +350 +2%
CAN
37
Cetera Advisor Networks
California
$142K – – –
Ameriprise
38
Ameriprise
Minnesota
$133K +$964 +110 +0.7%
SI
39
SII Investments
Wisconsin
$128K – – –
MIM
40
Macroview Investment Management
Maryland
$126K -$13K -1,485 -9%
Creative Planning
41
Creative Planning
Kansas
$116K -$70 -8 -0.1%
LCM
42
Laurion Capital Management
New York
$113K -$828K -94,478 -88%
NL
43
NWAM LLC
Washington
$112K – – –
SFS
44
Sowell Financial Services
Arkansas
$106K +$421 +48 +0.4%
PCA
45
Personal Capital Advisors
California
$103K +$105K +11,952 New
HighTower Advisors
46
HighTower Advisors
Illinois
$102K +$13.8K +1,573 +15%
APA
47
American Portfolios Advisors
New York
$86.2K +$87.4K +9,979 New
SPIA
48
Steward Partners Investment Advisory
New York
$57K – – –
Fifth Third Bancorp
49
Fifth Third Bancorp
Ohio
$43K – – –
RPG
50
Risk Paradigm Group
Texas
$34.6K +$35K +4,000 New
1
2
3

LEO Hedge Fund Activity: Q4 2017 in Review

60 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q4 2017, worth a combined $31.6M — down 12% from $35.8M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new LEO positions and 4 closed out — a net gain of 2 holders — while 20 added to existing stakes and 11 trimmed.

The largest buyer was Wells Fargo, adding an estimated $440K. The largest seller was Guggenheim Capital, cutting an estimated $3.76M.

  • 60 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q4 2017, up from 58 in Q3 2017.
  • Funds reported $31.6M of BNY Mellon Strategic Municipals stock for Q4 2017, down 12% quarter-over-quarter.
  • 6 funds opened new BNY Mellon Strategic Municipals positions in Q4 2017 and 4 closed out, a net change of +2 holders.
  • The largest BNY Mellon Strategic Municipals buyer in Q4 2017 was Wells Fargo, an estimated $440K added.
  • The largest BNY Mellon Strategic Municipals seller in Q4 2017 was Guggenheim Capital, an estimated $3.76M sold.

Based on aggregated 13F filings for Q4 2017.