State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
431 hedge funds and large institutions have $3.95B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2023 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 118 increasing their positions, 185 reducing their positions, and 54 closing their positions.
0.8% more ownership
Funds ownership: 90.01% → 90.81% (+0.8%)
7% less funds holding
Funds holding: 465 → 431 (-34)
10% less capital invested
Capital invested by funds: $4.4B → $3.95B (-$443M)
22% less funds holding in top 10
Funds holding in top 10: 18 → 14 (-4)
36% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 185
39% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$46.9M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$26.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$24.1M |
| 4 |
Goldman Sachs
New York
|
+$14.6M |
| 5 |
DIA
Davidson Investment Advisors
Great Falls,
Montana
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$57.9M |
| 2 |
SB
Sunflower Bank
Dallas,
Texas
|
-$24.9M |
| 3 |
EC
Estate Counselors
Thiensville,
Wisconsin
|
-$19.5M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$17.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$14.7M |
SHM Hedge Fund Activity: Q1 2023 in Review
431 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2023, worth a combined $3.95B — down 10% from $4.4B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of SHM and 33 opened new positions — a net loss of 21 holders — while 185 trimmed existing stakes and 118 added.
The largest buyer was Morgan Stanley, adding an estimated $46.9M. The largest seller was AllianceBernstein, cutting an estimated $57.9M.
- 431 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2023, down from 465 in Q4 2022.
- Funds reported $3.95B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2023, down 10% quarter-over-quarter.
- 33 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2023 and 54 closed out, a net change of -21 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2023 was Morgan Stanley, an estimated $46.9M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2023 was AllianceBernstein, an estimated $57.9M sold.
Based on aggregated 13F filings for Q1 2023.