State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
392 hedge funds and large institutions have $3.16B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2025 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 113 increasing their positions, 179 reducing their positions, and 41 closing their positions.
0.33% less ownership
Funds ownership: 93.06% → 92.73% (-0.33%)
1% less capital invested
Capital invested by funds: $3.18B → $3.16B (-$17.5M)
4% less funds holding
Funds holding: 408 → 392 (-16)
32% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 41
37% less repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 179
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
CX Institutional
Auburn,
Indiana
|
+$69.2M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$14.2M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.36M |
| 4 |
PWS
Precision Wealth Strategies
Saint Louis,
Missouri
|
+$5.17M |
| 5 |
Renaissance Technologies
New York
|
+$4.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$17.4M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$13.5M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
-$12.8M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$10.9M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$8.45M |
SHM Hedge Fund Activity: Q2 2025 in Review
392 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q2 2025, worth a combined $3.16B — down 0.55% from $3.18B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of SHM and 28 opened new positions — a net loss of 13 holders — while 179 trimmed existing stakes and 113 added.
The largest buyer was CX Institutional, adding an estimated $69.2M. The largest seller was United Capital Financial Advisors, cutting an estimated $17.4M.
- 392 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q2 2025, down from 408 in Q1 2025.
- Funds reported $3.16B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q2 2025, down 0.55% quarter-over-quarter.
- 28 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q2 2025 and 41 closed out, a net change of -13 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q2 2025 was CX Institutional, an estimated $69.2M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q2 2025 was United Capital Financial Advisors, an estimated $17.4M sold.
Based on aggregated 13F filings for Q2 2025.