State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
268 hedge funds and large institutions have $2.01B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2016 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 82 increasing their positions, 90 reducing their positions, and 15 closing their positions.
313% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 15
50% more funds holding in top 10
Funds holding in top 10: 14 → 21 (+7)
21% more capital invested
Capital invested by funds: $1.66B → $2.01B (+$356M)
19% more funds holding
Funds holding: 226 → 268 (+42)
7.56% more ownership
Funds ownership: 52.83% → 60.39% (+7.6%)
9% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PL
Plancorp LLC
Saint Louis,
Missouri
|
+$114M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$45.1M |
| 3 |
PC
Premise Capital
Naperville,
Illinois
|
+$37.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$31.5M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$24.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$18.4M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$10M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$8.99M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$8.11M |
| 5 |
ST
Smithfield Trust
Pittsburgh,
Pennsylvania
|
-$6.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
HighTower Advisors
Chicago,
Illinois
| – | -$247K | -5,102 | Closed |
|
|
SFM
277
Signature Financial Management
Norfolk,
Virginia
| – | -$225K | -4,612 | Closed |
|
|
BWM
278
Bernicke Wealth Management
Altoona,
Wisconsin
| – | -$201K | -4,106 | Closed |
|
|
SSB
279
Sandy Spring Bank
Olney,
Maryland
| – | -$39K | -800 | Closed |
|
|
VCM
280
Versant Capital Management
Phoenix,
Arizona
| – | -$29K | -600 | Closed |
|
|
CYG
281
Clean Yield Group
Norwich,
Vermont
| – | -$20K | -405 | Closed |
|
|
VNA
282
Valley National Advisers
Bethlehem,
Pennsylvania
| – | -$16K | -325 | Closed |
|
|
TWA
283
TCI Wealth Advisors
Tucson,
Arizona
| – | -$10K | -200 | Closed |
|
SHM Hedge Fund Activity: Q4 2016 in Review
268 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2016, worth a combined $2.01B — up 21% from $1.66B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new SHM positions and 15 closed out — a net gain of 47 holders — while 82 added to existing stakes and 90 trimmed.
The largest buyer was Plancorp LLC, opening a new position worth an estimated $114M. The largest seller was Morgan Stanley, cutting an estimated $18.4M.
- 268 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2016, up from 226 in Q3 2016.
- Funds reported $2.01B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2016, up 21% quarter-over-quarter.
- 62 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2016 and 15 closed out, a net change of +47 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2016 was Plancorp LLC, an estimated $114M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2016 was Morgan Stanley, an estimated $18.4M sold.
Based on aggregated 13F filings for Q4 2016.