State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
215 hedge funds and large institutions have $1.54B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2016 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 88 increasing their positions, 77 reducing their positions, and 37 closing their positions.
30% more funds holding in top 10
Funds holding in top 10: 10 → 13 (+3)
24.05% more ownership
Funds ownership: 27.41% → 51.46% (+24%)
14% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 77
1% less capital invested
Capital invested by funds: $1.55B → $1.54B (-$13.3M)
5% less funds holding
Funds holding: 227 → 215 (-12)
27% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Bailard
Foster City,
California
|
+$18.1M |
| 2 |
UFF
USA Financial Formulas
Ada,
Michigan
|
+$15.7M |
| 3 |
PC
Premise Capital
Naperville,
Illinois
|
+$13.9M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$13.5M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$9.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$88M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$11M |
| 3 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$10.6M |
| 4 |
3AM
3D Asset Management
Hartford,
Connecticut
|
-$9.29M |
| 5 |
BSW
Buckingham Strategic Wealth
Clayton,
Missouri
|
-$6.25M |
SHM Hedge Fund Activity: Q1 2016 in Review
215 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2016, worth a combined $1.54B — down 0.86% from $1.55B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of SHM and 27 opened new positions — a net loss of 10 holders — while 77 trimmed existing stakes and 88 added.
The largest buyer was Bailard, opening a new position worth an estimated $18.1M. The largest seller was Bank of America, cutting an estimated $88M.
- 215 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2016, down from 227 in Q4 2015.
- Funds reported $1.54B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2016, down 0.86% quarter-over-quarter.
- 27 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2016 and 37 closed out, a net change of -10 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2016 was Bailard, an estimated $18.1M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2016 was Bank of America, an estimated $88M sold.
Based on aggregated 13F filings for Q1 2016.