State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
197 hedge funds and large institutions have $1.4B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2015 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 80 increasing their positions, 59 reducing their positions, and 19 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 59
0.32% more ownership
Funds ownership: 25.86% → 26.18% (+0.32%)
2% less capital invested
Capital invested by funds: $1.42B → $1.4B (-$21.7M)
3% less funds holding
Funds holding: 204 → 197 (-7)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$20.3M |
| 2 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$12.8M |
| 3 |
JIR
James Investment Research
Alpha,
Ohio
|
+$11.2M |
| 4 |
B
Bailard
Foster City,
California
|
+$7.24M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$13.2M |
| 2 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$6.46M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.85M |
| 4 |
Chevy Chase Trust
Bethesda,
Maryland
|
-$5.18M |
| 5 |
Goldman Sachs
New York
|
-$4.05M |
SHM Hedge Fund Activity: Q2 2015 in Review
197 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q2 2015, worth a combined $1.4B — down 1.5% from $1.42B a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SHM and 17 opened new positions — a net loss of 2 holders — while 59 trimmed existing stakes and 80 added.
The largest buyer was Bank of America, adding an estimated $20.3M. The largest seller was Cedar Hill Associates, exiting entirely with an estimated $13.2M sold.
- 197 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q2 2015, down from 204 in Q1 2015.
- Funds reported $1.4B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q2 2015, down 1.5% quarter-over-quarter.
- 17 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q2 2015 and 19 closed out, a net change of -2 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q2 2015 was Bank of America, an estimated $20.3M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q2 2015 was Cedar Hill Associates, an estimated $13.2M sold.
Based on aggregated 13F filings for Q2 2015.