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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

158 hedge funds and large institutions have $1.09B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2013 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 14

78% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 36

13% more funds holding

Funds holding: 140 → 158 (+18)

8% more capital invested

Capital invested by funds: $1.01B → $1.09B (+$79.9M)

1.55% more ownership

Funds ownership: 23.95% → 25.49% (+1.5%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

Holders
158
Holders Change
+18
Holders Change %
+12.86%
% of All Funds
4.59%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.23%
New
33
Increased
64
Reduced
36
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Spruce Investment Advisors
Connecticut
+$36.8M
2
B
Bailard
California
+$16M
3
U
UBS
Switzerland
+$14.9M
4
Bank of America
Bank of America
North Carolina
+$14.6M
5
Morgan Stanley
Morgan Stanley
New York
+$14.3M

Top Sellers

1
BTS
BB&T Securities
Virginia
-$30.5M
2
KIM
Karpus Investment Management
New York
-$16.4M
3
Comerica Bank
Comerica Bank
Texas
-$4.38M
4
PAG
Pinnacle Advisory Group
Maryland
-$4.08M
5
RCAG
Rehmann Capital Advisory Group
Michigan
-$3.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
SI
101
SII Investments
Wisconsin
$550K +$549K +11,318 New
Jane Street
102
Jane Street
New York
$550K +$549K +11,320 New
SCA
103
Salient Capital Advisors
Texas
$548K -$39.2K -808 -7%
Creative Planning
104
Creative Planning
Kansas
$533K +$246K +5,065 +86%
LWI
105
Long Wharf Investors
Massachusetts
$510K +$24.1K +497 +5%
AB
106
AT Bancorp
Iowa
$505K +$9.71K +200 +2%
BSW
107
Buckingham Strategic Wealth
Missouri
$504K +$503K +10,372 New
LNWWM
108
Laird Norton Wetherby Wealth Management
California
$482K – – –
PWW
109
Pettyjohn Wood & White
Virginia
$474K – – –
KFS
110
KMS Financial Services
Washington
$473K +$48.4K +997 +11%
MFS
111
MSI Financial Services
Massachusetts
$459K +$55.1K +1,135 +14%
MAA
112
Managed Account Advisors
New Jersey
$396K +$396K +8,152 New
CG
113
Colony Group
Massachusetts
$392K +$391K +8,061 New
SIC
114
Shoker Investment Counsel
Ohio
$357K +$356K +7,343 New
UCFA
115
United Capital Financial Advisors
Texas
$346K -$2.71M -55,908 -89%
WCM
116
Windsor Capital Management
Arizona
$345K -$74.8K -1,542 -18%
V
117
Veritable
Delaware
$341K – – –
UBS AM
118
UBS AM
Illinois
$335K – – –
CONA
119
Capital One National Association
New York
$334K +$334K +6,882 New
FT
120
Fiduciary Trust
Massachusetts
$329K – – –
AA
121
Alesco Advisors
New York
$324K +$323K +6,663 New
PP
122
Palladium Partners
Virginia
$320K – – –
BOTW
123
Bank of the West
California
$275K +$275K +5,657 New
US Bancorp
124
US Bancorp
Minnesota
$274K – – –
MBT
125
Monroe Bank & Trust
Michigan
$267K – – –
3 4
5
6 7

SHM Hedge Fund Activity: Q4 2013 in Review

158 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2013, worth a combined $1.09B — up 7.9% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new SHM positions and 14 closed out — a net gain of 19 holders — while 64 added to existing stakes and 36 trimmed.

The largest buyer was Spruce Investment Advisors, opening a new position worth an estimated $36.8M. The largest seller was BB&T Securities, exiting entirely with an estimated $30.5M sold.

  • 158 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2013, up from 140 in Q3 2013.
  • Funds reported $1.09B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2013, up 7.9% quarter-over-quarter.
  • 33 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2013 and 14 closed out, a net change of +19 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2013 was Spruce Investment Advisors, an estimated $36.8M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2013 was BB&T Securities, an estimated $30.5M sold.

Based on aggregated 13F filings for Q4 2013.