Merit Financial Group’s State Street SPDR Nuveen ICE Municipal Bond ETF TFI Stock Holding History

Merit Financial Group’s Portfolio TFI Stock Details TFI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-4,789	Closed	-$218K	–	2029
2025 Q3	$218K	Sell	4,789 -259	-5%	-$11.6K	﹤0.01%	1622
2025 Q2	$226K	Buy	+5,048	New	+$224K	﹤0.01%	1489
2025 Q1	–	Sell	-5,286	Closed	-$241K	–	1440
2024 Q4	$241K	Buy	5,286 +320	+6%	+$14.8K	﹤0.01%	1020
2024 Q3	$233K	Buy	4,966 +93	+2%	+$4.31K	0.01%	748
2024 Q2	$223K	Sell	4,873 -9,200	-65%	-$421K	﹤0.01%	832
2024 Q1	$645K	Buy	14,073 +153	+1%	+$7.15K	0.02%	511
2023 Q4	$654K	Buy	+13,920	New	+$624K	0.02%	422
2023 Q2	–	Sell	-5,707	Closed	-$267K	–	765
2023 Q1	$267K	Sell	5,707 -3,899	-41%	-$181K	0.01%	533
2022 Q4	$438K	Buy	+9,606	New	+$431K	0.02%	456

Other funds holding TFI

Betterment LLC New York $59.1B AUM 18.41% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Northwestern Mutual Wealth Management Milwaukee, Wisconsin $187B AUM 21.7% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Fisher Asset Management Camas, Washington $336B AUM 34.66% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $424B AUM 22.9% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

IWM

IHT Wealth Management Chicago, Illinois $4.7B AUM 25.67% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

Merit Financial Group's TFI Position: Q4 2025 in Review

Merit Financial Group sold out of State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) in Q4 2025, closing a stake of 4,789 shares — an estimated $218K sold.

Merit Financial Group first reported a position in TFI in Q4 2022 and held it in 9 quarters. The position peaked at $654K in Q4 2023. 323 funds tracked by Wall St. Rank hold TFI as of Q4 2025.

Merit Financial Group reported no remaining State Street SPDR Nuveen ICE Municipal Bond ETF position as of Q4 2025 after selling out during the quarter.
Merit Financial Group sold 4,789 State Street SPDR Nuveen ICE Municipal Bond ETF shares in Q4 2025, an estimated $218K.
Merit Financial Group first reported a position in State Street SPDR Nuveen ICE Municipal Bond ETF in Q4 2022 and held it in 9 quarters.
Merit Financial Group's State Street SPDR Nuveen ICE Municipal Bond ETF position peaked at $654K in Q4 2023.
323 funds tracked by Wall St. Rank held State Street SPDR Nuveen ICE Municipal Bond ETF as of Q4 2025.

Based on Merit Financial Group's 13F filing for Q4 2025, filed 26 Jan 2026.