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State Street SPDR Nuveen ICE High Yield Municipal Bond ETF

134 hedge funds and large institutions have $362M invested in State Street SPDR Nuveen ICE High Yield Municipal Bond ETF in 2018 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 45 increasing their positions, 33 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more capital invested

Capital invested by funds: $234M → $362M (+$128M)

48% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 21

36% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 33

17.85% more ownership

Funds ownership: 87.95%105.8% (+18%)

7% more funds holding

Funds holding: 125134 (+9)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
134
Holders Change
+9
Holders Change %
+7.2%
% of All Funds
2.99%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
31
Increased
45
Reduced
33
Closed
21
Calls
$213K
Puts
Net Calls
+$213K
Net Calls Change
+$213K
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$55.3M +$43.1M +1,549,682 +368%
APP
2
Avantax Planning Partners
Iowa
$40M +$39.7M +1,426,632 +92,398%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$31.9M -$1.86M -66,866 -6%
Goldman Sachs
4
Goldman Sachs
New York
$24.2M +$3.43M +123,214 +17%
SEI Investments
5
SEI Investments
Pennsylvania
$23.7M +$23.4M +840,988 +19,704%
RJA
6
Raymond James & Associates
Florida
$23.3M -$4.5M -161,768 -16%
UBS Group
7
UBS Group
Switzerland
$14.5M +$2.02M +72,590 +16%
Morgan Stanley
8
Morgan Stanley
New York
$13.2M +$202K +7,280 +2%
EWM
9
Empirical Wealth Management
Washington
$11.2M +$567K +20,398 +5%
LPL Financial
10
LPL Financial
California
$7.87M +$4.69M +168,490 +150%
CCP
11
Cardan Capital Partners
Colorado
$7.51M +$957K +34,392 +15%
Renaissance Technologies
12
Renaissance Technologies
New York
$7.38M +$6.19M +222,600 +548%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$6.66M +$166K +5,976 +3%
MSL
14
Mackay Shields LLC
New York
$6.09M
BlackRock
15
BlackRock
New York
$5.61M
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$4.18M +$1.48M +53,218 +55%
Wells Fargo
17
Wells Fargo
California
$3.92M +$1.08M +38,828 +38%
Ameriprise
18
Ameriprise
Minnesota
$3.79M +$1.22M +43,994 +48%
CCWA
19
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$3.47M +$3.44M +123,794 New
PO
20
Private Ocean
California
$3.46M +$606K +21,790 +21%
William Blair & Company
21
William Blair & Company
Illinois
$3.35M -$76.4K -2,746 -2%
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$2.71M +$1.8M +64,798 +204%
Envestnet Asset Management
23
Envestnet Asset Management
Illinois
$2.69M +$2.67M +95,974 New
SGCA
24
Steel Grove Capital Advisors
Tennessee
$2.54M +$2.29M +82,490 +997%
RJFSA
25
Raymond James Financial Services Advisors
Florida
$2.52M -$98K -3,522 -4%

HYMB Hedge Fund Activity: Q4 2018 in Review

134 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) for Q4 2018, worth a combined $362M — up 55% from $234M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new HYMB positions and 21 closed out — a net gain of 10 holders — while 45 added to existing stakes and 33 trimmed.

The largest buyer was Bank of America, adding an estimated $43.1M. The largest seller was Jane Street, exiting entirely with an estimated $5.89M sold.

  • 134 institutional investors held State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) as of Q4 2018, up from 125 in Q3 2018.
  • Funds reported $362M of State Street SPDR Nuveen ICE High Yield Municipal Bond ETF stock for Q4 2018, up 55% quarter-over-quarter.
  • 31 funds opened new State Street SPDR Nuveen ICE High Yield Municipal Bond ETF positions in Q4 2018 and 21 closed out, a net change of +10 holders.
  • The largest State Street SPDR Nuveen ICE High Yield Municipal Bond ETF buyer in Q4 2018 was Bank of America, an estimated $43.1M added.
  • The largest State Street SPDR Nuveen ICE High Yield Municipal Bond ETF seller in Q4 2018 was Jane Street, an estimated $5.89M sold.

Based on aggregated 13F filings for Q4 2018.