State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
275 hedge funds and large institutions have $1.5B invested in State Street SPDR Nuveen ICE High Yield Municipal Bond ETF in 2023 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 81 increasing their positions, 126 reducing their positions, and 26 closing their positions.
300% more call options, than puts
Call options by funds: $60K | Put options by funds: $15K
35% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 26
1% more funds holding
Funds holding: 273 → 275 (+2)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
16% less capital invested
Capital invested by funds: $1.79B → $1.5B (-$294M)
36% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 126
85.06% less ownership
Funds ownership: 162.64% → 77.58% (-85%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JPG
Jordan Park Group
San Francisco,
California
|
+$25M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$12.5M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$9.21M |
| 4 |
Renaissance Technologies
New York
|
+$7.67M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$7.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$85.4M |
| 2 |
Goldman Sachs
New York
|
-$84.5M |
| 3 |
Jane Street
New York
|
-$74.4M |
| 4 |
PPW
Parcion Private Wealth
Bellevue,
Washington
|
-$45.1M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$18.5M |
HYMB Hedge Fund Activity: Q1 2023 in Review
275 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) for Q1 2023, worth a combined $1.5B — down 16% from $1.79B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new HYMB positions and 26 closed out — a net gain of 9 holders — while 81 added to existing stakes and 126 trimmed.
The largest buyer was Jordan Park Group, adding an estimated $25M. The largest seller was Bank of America, cutting an estimated $85.4M.
- 275 institutional investors held State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) as of Q1 2023, up from 273 in Q4 2022.
- Funds reported $1.5B of State Street SPDR Nuveen ICE High Yield Municipal Bond ETF stock for Q1 2023, down 16% quarter-over-quarter.
- 35 funds opened new State Street SPDR Nuveen ICE High Yield Municipal Bond ETF positions in Q1 2023 and 26 closed out, a net change of +9 holders.
- The largest State Street SPDR Nuveen ICE High Yield Municipal Bond ETF buyer in Q1 2023 was Jordan Park Group, an estimated $25M added.
- The largest State Street SPDR Nuveen ICE High Yield Municipal Bond ETF seller in Q1 2023 was Bank of America, an estimated $85.4M sold.
Based on aggregated 13F filings for Q1 2023.