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LEO

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
57
Holders Change
-3
Holders Change %
-5%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
1
Increased
16
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CA
Cornerstone Advisory
Maryland
+$3.29M
2
LTFS
Ladenburg Thalmann Financial Services
Florida
+$313K
3
Wells Fargo
Wells Fargo
California
+$259K
4
VanEck Associates
VanEck Associates
New York
+$123K
5
Bank of America
Bank of America
North Carolina
+$109K

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$613K
2
HighTower Advisors
HighTower Advisors
Illinois
-$589K
3
SIA
Sit Investment Associates
Minnesota
-$482K
4
LPL Financial
LPL Financial
California
-$412K
5
Morgan Stanley
Morgan Stanley
New York
-$263K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$10.1M -$613K -69,614 -6%
CA
2
Cornerstone Advisory
Maryland
$3.69M +$3.29M +373,412 +929%
UBS Group
3
UBS Group
Switzerland
$2.23M -$81K -9,205 -4%
ITIM
4
Indiana Trust & Investment Management
Indiana
$1.92M – – –
Wells Fargo
5
Wells Fargo
California
$1.89M +$259K +29,464 +16%
Bessemer Group
6
Bessemer Group
New Jersey
$1.65M -$132K -15,000 -8%
Morgan Stanley
7
Morgan Stanley
New York
$1.51M -$263K -29,875 -15%
RJA
8
Raymond James & Associates
Florida
$1.34M +$17.5K +1,990 +1%
PMG
9
ProVise Management Group
Florida
$1.23M +$82.3K +9,350 +7%
AAM
10
Advisors Asset Management
Colorado
$1.17M -$202K -22,925 -15%
Baird Financial Group
11
Baird Financial Group
Wisconsin
$1.08M +$49K +5,563 +5%
VanEck Associates
12
VanEck Associates
New York
$926K +$123K +13,989 +16%
CIA
13
Capital Investment Advisors
Georgia
$914K – – –
N
14
Nuveen
North Carolina
$910K – – –
SIA
15
Sit Investment Associates
Minnesota
$856K -$482K -54,802 -36%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$574K +$26.7K +3,032 +5%
Bank of America
17
Bank of America
North Carolina
$538K +$109K +12,387 +26%
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$432K +$313K +35,578 +275%
DLG
19
Daniel L. Goodwin
$428K – – –
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$404K +$31K +3,519 +8%
WA
21
WealthTrust Axiom
Pennsylvania
$380K -$39.4K -4,475 -9%
CA
22
Cetera Advisors
Colorado
$361K – – –
SWP
23
Stratos Wealth Partners
Ohio
$356K – – –
LPL Financial
24
LPL Financial
California
$348K -$412K -46,763 -54%
MAM
25
Marquette Asset Management
Minnesota
$340K – – –
1
2 3

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.