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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

392 hedge funds and large institutions have $2.99B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2020 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 123 increasing their positions, 147 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 34

11% more capital invested

Capital invested by funds: $2.69B → $2.99B (+$308M)

8.43% more ownership

Funds ownership: 71.21% → 79.64% (+8.4%)

4% more funds holding

Funds holding: 378 → 392 (+14)

6% less funds holding in top 10

Funds holding in top 10: 16 → 15 (-1)

16% less repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 147

Holders
392
Holders Change
+14
Holders Change %
+3.7%
% of All Funds
8.64%
Holding in Top 10
15
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.25%
% of All Funds
0.33%
New
56
Increased
123
Reduced
147
Closed
34
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$201M
2
Wells Fargo
Wells Fargo
California
+$56.1M
3
Goldman Sachs
Goldman Sachs
New York
+$43.4M
4
Jane Street
Jane Street
New York
+$38.5M
5
B
Bailard
California
+$33.6M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$57.1M
2
UBS Group
UBS Group
Switzerland
-$22.5M
3
PPW
Parcion Private Wealth
Washington
-$18.1M
4
AWA
Alaska Wealth Advisors
Alaska
-$15.3M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$9.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
101
Private Advisor Group
New Jersey
$2.72M +$446K +9,126 +20%
FWM
102
FSA Wealth Management
Massachusetts
$2.68M -$112K -2,291 -4%
KL
103
KWMG LLC
Kansas
$2.61M +$470K +9,618 +22%
MPM
104
Meritage Portfolio Management
Kansas
$2.61M -$244K -4,993 -9%
CPO
105
Cerity Partners OCIO
New York
$2.59M -$128K -2,620 -5%
LSPW
106
Lake Street Private Wealth
Illinois
$2.59M +$605K +12,378 +31%
ML
107
McAdam LLC
Pennsylvania
$2.43M +$228K +4,668 +10%
HighTower Advisors
108
HighTower Advisors
Illinois
$2.39M -$2.25M -46,081 -49%
AWM
109
Avior Wealth Management
Nebraska
$2.36M +$162K +3,311 +7%
RA
110
Riversedge Advisors
Delaware
$2.36M +$2.36M +48,195 New
Citadel Advisors
111
Citadel Advisors
Florida
$2.3M +$2.3M +47,011 New
MWC
112
MBM Wealth Consultants
Missouri
$2.25M +$565K +11,563 +34%
RFO
113
RiverGlades Family Offices
Florida
$2.25M +$22K +450 +1%
SP
114
Symmetry Partners
Connecticut
$2.24M +$310K +6,345 +16%
LNC
115
Lincoln National Corp
Pennsylvania
$2.23M -$4.11K -84 -0.2%
IA
116
Independence Advisors
Pennsylvania
$2.19M – – –
PFPT
117
Pinnacle Financial Partners (Tennessee)
Tennessee
$2.19M – – –
LFAS
118
Level Four Advisory Services
Texas
$2.14M +$2.13M +43,643 New
MAS
119
Managed Account Services
Florida
$2.12M -$2.02M -41,220 -48%
FMP
120
Financial Management Professionals
Texas
$2.02M +$2.02M +41,322 New
FF
121
Friedenthal Financial
New Jersey
$2M -$152K -3,103 -7%
FAAS
122
First Allied Advisory Services
California
$1.99M +$165K +3,366 +9%
Comerica Bank
123
Comerica Bank
Texas
$1.93M +$1.93M +39,432 New
Lazard Asset Management
124
Lazard Asset Management
New York
$1.93M – – –
ONB
125
Old National Bancorp
Indiana
$1.9M -$59K -1,206 -3%
3 4
5
6 7

SHM Hedge Fund Activity: Q1 2020 in Review

392 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2020, worth a combined $2.99B — up 11% from $2.69B a quarter earlier.

Buyers outnumbered sellers: 56 funds opened new SHM positions and 34 closed out — a net gain of 22 holders — while 123 added to existing stakes and 147 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $201M. The largest seller was Bank of America, cutting an estimated $57.1M.

  • 392 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2020, up from 378 in Q4 2019.
  • Funds reported $2.99B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2020, up 11% quarter-over-quarter.
  • 56 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2020 and 34 closed out, a net change of +22 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2020 was Morgan Stanley, an estimated $201M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2020 was Bank of America, an estimated $57.1M sold.

Based on aggregated 13F filings for Q1 2020.