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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

168 hedge funds and large institutions have $1.11B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2014 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 68 increasing their positions, 51 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

38% more funds holding in top 10

Funds holding in top 10: 8 → 11 (+3)

33% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 51

6% more funds holding

Funds holding: 158 → 168 (+10)

2% more capital invested

Capital invested by funds: $1.09B → $1.11B (+$17.5M)

0.37% less ownership

Funds ownership: 25.49% → 25.12% (-0.37%)

Holders
168
Holders Change
+10
Holders Change %
+6.33%
% of All Funds
4.85%
Holding in Top 10
11
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+37.5%
% of All Funds
0.32%
New
22
Increased
68
Reduced
51
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SGCA
Steel Grove Capital Advisors
Tennessee
+$13.1M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$7.43M
3
PL
Plancorp LLC
Missouri
+$6.98M
4
Morgan Stanley
Morgan Stanley
New York
+$6.53M
5
BCM
Bluefin Capital Management
New York
+$6.09M

Top Sellers

Rank Fund Capital Flow
1
SIA
Spruce Investment Advisors
Connecticut
-$36.5M
2
Bank of America
Bank of America
North Carolina
-$13M
3
WCM
Windham Capital Management
Massachusetts
-$5.77M
4
AL
Aspiriant LLC
California
-$3.04M
5
Goldman Sachs
Goldman Sachs
New York
-$2.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
BSW
76
Buckingham Strategic Wealth
Missouri
$1.18M +$678K +13,928 +134%
CFN
77
Cordasco Financial Network
Florida
$1.17M -$421K -8,647 -26%
EWM
78
Empirical Wealth Management
Washington
$1.16M +$2.29K +47 +0.2%
B
79
Baird
Wisconsin
$1.14M -$70.9K -1,457 -6%
NGA
80
Naples Global Advisors
Florida
$1.14M +$198K +4,063 +21%
SFG
81
Sage Financial Group
Pennsylvania
$1.14M -$76.5K -1,572 -6%
AL
82
Aspiriant LLC
California
$1.12M -$3.04M -62,424 -73%
MAA
83
Managed Account Advisors
New Jersey
$1.05M +$660K +13,557 +166%
ACM
84
Antonetti Capital Management
Florida
$1.04M +$91.3K +1,875 +10%
CAPTRUST Financial Advisors
85
CAPTRUST Financial Advisors
North Carolina
$1.01M +$104K +2,141 +12%
NPC
86
National Planning Corporation
California
$990K -$649K -13,325 -39%
WTC
87
WhitTier Trust Company
Nevada
$898K +$145K +2,988 +19%
IH
88
IFC Holdings
Florida
$856K -$463K -9,519 -35%
BFEC
89
Benjamin F. Edwards & Company
Missouri
$831K +$208K +4,279 +33%
HFS
90
HL Financial Services
Kentucky
$800K -$319K -6,547 -28%
BUB
91
BBVA USA Bancshares
Texas
$798K +$21.2K +435 +3%
VA
92
Valmark Advisers
Ohio
$791K -$87.8K -1,803 -10%
CAL
93
Capital Advisors Ltd
Ohio
$778K +$51.4K +1,055 +7%
TNBTD
94
Trustmark National Bank Trust Department
Mississippi
$777K – – –
PI
95
Placemark Investments
Illinois
$767K -$13.3K -274 -2%
PFM
96
Phillips Financial Management
Indiana
$753K +$487 +10 +0.1%
CB
97
Commerce Bank
Missouri
$736K – – –
TF
98
Trutina Financial
Washington
$728K – – –
EC
99
Estate Counselors
Wisconsin
$684K – – –
MWM
100
Modera Wealth Management
New Jersey
$669K -$44.7K -918 -6%
2 3
4
5 6

SHM Hedge Fund Activity: Q1 2014 in Review

168 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2014, worth a combined $1.11B — up 1.6% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new SHM positions and 11 closed out — a net gain of 11 holders — while 68 added to existing stakes and 51 trimmed.

The largest buyer was Steel Grove Capital Advisors, opening a new position worth an estimated $13.1M. The largest seller was Spruce Investment Advisors, cutting an estimated $36.5M.

  • 168 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2014, up from 158 in Q4 2013.
  • Funds reported $1.11B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2014, up 1.6% quarter-over-quarter.
  • 22 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2014 and 11 closed out, a net change of +11 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2014 was Steel Grove Capital Advisors, an estimated $13.1M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2014 was Spruce Investment Advisors, an estimated $36.5M sold.

Based on aggregated 13F filings for Q1 2014.