NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
36 hedge funds and large institutions have $65.2M invested in NYLIM MacKay DefinedTerm Muni Opportunities Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
120% more capital inflows, than outflows
Capital inflows: $6.82M | Capital outflows: $3.1M
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
13% more funds holding
Funds holding: 32 → 36 (+4)
0.65% more ownership
Funds ownership: 12.27% → 12.93% (+0.65%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.22M |
| 2 |
Morgan Stanley
New York
|
+$1.21M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$956K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$720K |
| 5 |
SG Americas Securities
New York
|
+$511K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.23M |
| 2 |
VanEck Associates
New York
|
-$450K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$269K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$231K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$214K |
MMD Hedge Fund Activity: Q4 2016 in Review
36 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) for Q4 2016, worth a combined $65.2M — down 5.2% from $68.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MMD positions and 3 closed out — a net gain of 5 holders — while 13 added to existing stakes and 10 trimmed.
The largest buyer was Bank of America, adding an estimated $1.22M. The largest seller was Guggenheim Capital, cutting an estimated $1.23M.
- 36 institutional investors held NYLIM MacKay DefinedTerm Muni Opportunities Fund (MMD) as of Q4 2016, up from 32 in Q3 2016.
- Funds reported $65.2M of NYLIM MacKay DefinedTerm Muni Opportunities Fund stock for Q4 2016, down 5.2% quarter-over-quarter.
- 8 funds opened new NYLIM MacKay DefinedTerm Muni Opportunities Fund positions in Q4 2016 and 3 closed out, a net change of +5 holders.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund buyer in Q4 2016 was Bank of America, an estimated $1.22M added.
- The largest NYLIM MacKay DefinedTerm Muni Opportunities Fund seller in Q4 2016 was Guggenheim Capital, an estimated $1.23M sold.
Based on aggregated 13F filings for Q4 2016.