Valmark Advisers’s State Street SPDR Nuveen ICE Short Term Municipal Bond ETF SHM Stock Holding History

Valmark Advisers’s Portfolio SHM Stock Details SHM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-6,062	Closed	-$292K	–	675
2025 Q3	$292K	Hold	6,062	–	–	﹤0.01%	561
2025 Q2	$290K	Hold	6,062	–	–	﹤0.01%	557
2025 Q1	$289K	Sell	6,062 -563	-8%	-$26.8K	﹤0.01%	524
2024 Q4	$314K	Buy	+6,625	New	+$316K	﹤0.01%	501
2022 Q2	–	Sell	-4,437	Closed	-$210K	–	431
2022 Q1	$210K	Buy	4,437 +290	+7%	+$14K	﹤0.01%	414
2021 Q4	$204K	Hold	4,147	–	–	﹤0.01%	396
2021 Q3	$205K	Hold	4,147	–	–	﹤0.01%	382
2021 Q2	$206K	Sell	4,147 -1,140	-22%	-$56.5K	﹤0.01%	379
2021 Q1	$262K	Hold	5,287	–	–	0.01%	336
2020 Q4	$263K	Hold	5,287	–	–	0.01%	311
2020 Q3	$264K	Sell	5,287 -145	-3%	-$7.24K	0.01%	253
2020 Q2	$271K	Hold	5,432	–	–	0.01%	226
2020 Q1	$266K	Sell	5,432 -770	-12%	-$37.7K	0.01%	193
2019 Q4	$305K	Hold	6,202	–	–	0.01%	193
2019 Q3	$304K	Hold	6,202	–	–	0.01%	191
2019 Q2	$303K	Hold	6,202	–	–	0.01%	178
2019 Q1	$301K	Sell	6,202 -73	-1%	-$3.52K	0.01%	180
2018 Q4	$302K	Buy	6,275 +99	+2%	+$4.72K	0.01%	162
2018 Q3	$295K	Sell	6,176 -882	-12%	-$42.3K	0.01%	161
2018 Q2	$339K	Hold	7,058	–	–	0.01%	140
2018 Q1	$338K	Buy	7,058 +142	+2%	+$6.81K	0.01%	137
2017 Q4	$331K	Buy	6,916 +854	+14%	+$41.2K	0.01%	141
2017 Q3	$295K	Sell	6,062 -1,611	-21%	-$78.6K	0.01%	63
2017 Q2	$372K	Hold	7,673	–	–	0.01%	56
2017 Q1	$372K	Sell	7,673 -124	-2%	-$5.98K	0.01%	56
2016 Q4	$374K	Sell	7,797 -555	-7%	-$26.8K	0.01%	56
2016 Q3	$408K	Sell	8,352 -92	-1%	-$4.51K	0.01%	55
2016 Q2	$414K	Sell	8,444 -104	-1%	-$5.09K	0.01%	54
2016 Q1	$417K	Buy	8,548 +102	+1%	+$4.99K	0.01%	49
2015 Q4	$411K	Sell	8,446 -1,749	-17%	-$85.2K	0.01%	50
2015 Q3	$497K	Sell	10,195 -846	-8%	-$41.1K	0.01%	40
2015 Q2	$536K	Sell	11,041 -47	-0.4%	-$2.28K	0.01%	40
2015 Q1	$539K	Sell	11,088 -725	-6%	-$35.3K	0.01%	41
2014 Q4	$574K	Sell	11,813 -1,697	-13%	-$82.7K	0.01%	37
2014 Q3	$659K	Sell	13,510 -1,194	-8%	-$58.2K	0.02%	33
2014 Q2	$715K	Sell	14,704 -1,607	-10%	-$78.1K	0.02%	34
2014 Q1	$791K	Sell	16,311 -1,803	-10%	-$87.8K	0.02%	33
2013 Q4	$880K	Sell	18,114 -11,736	-39%	-$570K	0.02%	37
2013 Q3	$1.45M	Buy	29,850 +1,786	+6%	+$86K	0.04%	33
2013 Q2	$1.34M	Buy	+28,064	New	+$1.36M	0.05%	32

Other funds holding SHM

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Northwestern Mutual Wealth Management Milwaukee, Wisconsin $162B AUM 16.35% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

UCFA

United Capital Financial Advisors Irving, Texas $16.3B AUM 16.34% 1-Year Est. Return

Quent Capital New York $1.41B AUM 22.9% 1-Year Est. Return

QLSGSCF

Quent Long Short Global Small Cap Fund New York $1.23B AUM

CCWA

CLA (CliftonLarsonAllen) Wealth Advisors Minneapolis, Minnesota $7.61B AUM 16.44% 1-Year Est. Return

Mercer Global Advisors Denver, Colorado $67.6B AUM 18.3% 1-Year Est. Return

Valmark Advisers's SHM Position: Q4 2025 in Review

Valmark Advisers sold out of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) in Q4 2025, closing a stake of 6,062 shares — an estimated $292K sold.

Valmark Advisers first reported a position in SHM in Q2 2013 and held it in 40 quarters. The position peaked at $1.45M in Q3 2013. 397 funds tracked by Wall St. Rank hold SHM as of Q4 2025.

Valmark Advisers reported no remaining State Street SPDR Nuveen ICE Short Term Municipal Bond ETF position as of Q4 2025 after selling out during the quarter.
Valmark Advisers sold 6,062 State Street SPDR Nuveen ICE Short Term Municipal Bond ETF shares in Q4 2025, an estimated $292K.
Valmark Advisers first reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in Q2 2013 and held it in 40 quarters.
Valmark Advisers's State Street SPDR Nuveen ICE Short Term Municipal Bond ETF position peaked at $1.45M in Q3 2013.
397 funds tracked by Wall St. Rank held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF as of Q4 2025.

Based on Valmark Advisers's 13F filing for Q4 2025, filed 26 Jan 2026.