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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

428 hedge funds and large institutions have $4.2B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2023 Q4 according to their latest regulatory filings, with 81 funds opening new positions, 111 increasing their positions, 186 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 46

15% more capital invested

Capital invested by funds: $3.66B → $4.2B (+$539M)

13.73% more ownership

Funds ownership: 93.8% → 107.53% (+14%)

6% more funds holding

Funds holding: 402 → 428 (+26)

40% less repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 186

42% less funds holding in top 10

Funds holding in top 10: 12 → 7 (-5)

Holders
428
Holders Change
+26
Holders Change %
+6.47%
% of All Funds
6.24%
Holding in Top 10
7
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-41.67%
% of All Funds
0.1%
New
81
Increased
111
Reduced
186
Closed
46
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$264M
2
Goldman Sachs
Goldman Sachs
New York
+$240M
3
Jane Street
Jane Street
New York
+$69.3M
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$30.2M
5
Wells Fargo
Wells Fargo
California
+$27.7M

Top Sellers

Rank Fund Capital Flow
1
UCFA
United Capital Financial Advisors
Texas
-$75.6M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$68.4M
3
AWA
Alaska Wealth Advisors
Alaska
-$30.2M
4
SEI Investments
SEI Investments
Pennsylvania
-$21.7M
5
ACA
Ackerman Capital Advisors
Texas
-$14.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
EFN
251
Equita Financial Network
Pennsylvania
$534K +$524K +11,167 New
RWB
252
RMR Wealth Builders
New Jersey
$526K +$517K +11,013 New
SHJ
253
Sharkey, Howes & Javer
Colorado
$523K -$291K -6,193 -36%
Janney Montgomery Scott
254
Janney Montgomery Scott
Pennsylvania
$510K -$390K -8,305 -44%
CWA
255
Canvas Wealth Advisors
Kansas
$506K -$30.4K -649 -6%
NWM
256
Northwest Wealth Management
Iowa
$505K -$323K -6,875 -39%
DWT
257
Dorsey & Whitney Trust
South Dakota
$497K +$142K +3,024 +41%
RJT
258
Raymond James Trust
Florida
$496K -$170K -3,617 -26%
EK
259
Evensky & Katz
Florida
$495K +$17.7K +378 +4%
IA
260
IFG Advisors
Missouri
$490K +$1.03K +22 +0.2%
PS
261
Principal Securities
Iowa
$487K +$478K +10,186 New
ASN
262
Advisory Services Network
Georgia
$486K -$197K -4,190 -29%
JWCA
263
J.W. Cole Advisors
Florida
$482K +$104K +2,218 +28%
EWA
264
ERTS Wealth Advisors
Michigan
$480K -$183K -3,910 -28%
RCAG
265
Rehmann Capital Advisory Group
Michigan
$479K -$127K -2,705 -21%
HWA
266
HCR Wealth Advisors
California
$478K – – –
BW
267
Bison Wealth
Georgia
$475K +$466K +9,931 New
SIG
268
Spinnaker Investment Group
California
$474K -$860K -18,329 -65%
AC
269
Anson Capital
Georgia
$468K -$189K -4,027 -29%
WS
270
Wedbush Securities
California
$467K – – –
WMR
271
Wealth Management Resources
Rhode Island
$454K -$278K -5,921 -38%
KWM
272
Keebeck Wealth Management
Illinois
$451K -$838K -17,869 -65%
BCG
273
Breakwater Capital Group
New Jersey
$448K -$274K -5,847 -38%
XF
274
XML Financial
Maryland
$445K +$437K +9,314 New
NEWAS
275
N.E.W. Advisory Services
Wisconsin
$445K -$4.97K -106 -1%
9 10
11
12 13

SHM Hedge Fund Activity: Q4 2023 in Review

428 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2023, worth a combined $4.2B — up 15% from $3.66B a quarter earlier.

Buyers outnumbered sellers: 81 funds opened new SHM positions and 46 closed out — a net gain of 35 holders — while 111 added to existing stakes and 186 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $264M. The largest seller was United Capital Financial Advisors, cutting an estimated $75.6M.

  • 428 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2023, up from 402 in Q3 2023.
  • Funds reported $4.2B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2023, up 15% quarter-over-quarter.
  • 81 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2023 and 46 closed out, a net change of +35 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2023 was Morgan Stanley, an estimated $264M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2023 was United Capital Financial Advisors, an estimated $75.6M sold.

Based on aggregated 13F filings for Q4 2023.