BNY Mellon Strategic Municipals
LEO
57 hedge funds and large institutions have $38.9M invested in BNY Mellon Strategic Municipals in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 4 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
7% more capital invested
Capital invested by funds: $36.5M → $38.9M (+$2.38M)
0.49% more ownership
Funds ownership: 6.88% → 7.37% (+0.49%)
5% less funds holding
Funds holding: 60 → 57 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$3.29M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$313K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$259K |
| 4 |
VanEck Associates
New York
|
+$123K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$109K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$613K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$589K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$482K |
| 4 |
LPL Financial
San Diego,
California
|
-$412K |
| 5 |
Morgan Stanley
New York
|
-$263K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
JP Morgan Chase
New York
| $27K | – | – | – |
|
|
PFBT
52
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| $25K | – | – | – |
|
53
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $19K | -$27.5K | -3,125 | -60% |
|
54
US Bancorp
Minneapolis,
Minnesota
| $9K | – | – | – |
|
|
FCMT
55
Founders Capital Management (Texas)
Houston,
Texas
| $7K | – | – | – |
|
|
CFA
56
Carroll Financial Associates
Charlotte,
North Carolina
| $2K | – | – | – |
|
|
RFA
57
Reilly Financial Advisors
La Mesa,
California
| $2K | +$1.64K | +186 | New |
|
58
Northern Trust
Chicago,
Illinois
| $1K | – | – | – |
|
|
HIM
59
Hanlon Investment Management
Egg Harbor Township,
New Jersey
| – | -$120K | -13,900 | Closed |
|
|
DA
60
Doliver Advisors
Houston,
Texas
| – | -$114K | -13,275 | Closed |
|
61
Stifel Financial
St. Louis,
Missouri
| – | -$104K | -11,905 | Closed |
|
|
IWM
62
IHT Wealth Management
Chicago,
Illinois
| – | -$7K | -824 | Closed |
|
LEO Hedge Fund Activity: Q2 2017 in Review
57 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BNY Mellon Strategic Municipals (LEO) for Q2 2017, worth a combined $38.9M — up 6.5% from $36.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of LEO and 1 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 16 added.
The largest buyer was Cornerstone Advisory, adding an estimated $3.29M. The largest seller was Guggenheim Capital, cutting an estimated $613K.
- 57 institutional investors held BNY Mellon Strategic Municipals (LEO) as of Q2 2017, down from 60 in Q1 2017.
- Funds reported $38.9M of BNY Mellon Strategic Municipals stock for Q2 2017, up 6.5% quarter-over-quarter.
- 1 fund opened new BNY Mellon Strategic Municipals positions in Q2 2017 and 4 closed out, a net change of -3 holders.
- The largest BNY Mellon Strategic Municipals buyer in Q2 2017 was Cornerstone Advisory, an estimated $3.29M added.
- The largest BNY Mellon Strategic Municipals seller in Q2 2017 was Guggenheim Capital, an estimated $613K sold.
Based on aggregated 13F filings for Q2 2017.