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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

140 hedge funds and large institutions have $1.01B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2013 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 48 increasing their positions, 45 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

9% more capital invested

Capital invested by funds: $923M → $1.01B (+$85.7M)

4% more funds holding

Funds holding: 135 → 140 (+5)

7% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 45

0.98% more ownership

Funds ownership: 22.97% → 23.95% (+0.98%)

Holders
140
Holders Change
+5
Holders Change %
+3.7%
% of All Funds
4.54%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.26%
New
15
Increased
48
Reduced
45
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$12.5M
2
Bank of America
Bank of America
North Carolina
+$12.1M
3
BCI
Brinker Capital Investments
Pennsylvania
+$10.9M
4
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
+$7.88M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$4.74M

Top Sellers

1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$8.38M
2
LIM
Leavell Investment Management
Alabama
-$7.38M
3
Goldman Sachs
Goldman Sachs
New York
-$6.12M
4
SI
SII Investments
Wisconsin
-$2.14M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
ClearBridge Investments
126
ClearBridge Investments
New York
$56K – – –
SCG
127
Strategic Capital Group
Washington
$48K – – –
NC
128
NewSquare Capital
Pennsylvania
$42K -$17.1K -355 -29%
MAS
129
Madden Advisory Services
Florida
$32K – – –
FHA
130
First Horizon Advisors
Tennessee
$32K +$7.51K +156 +31%
ECM
131
Exchange Capital Management
Michigan
$29K – – –
CP
132
Corbenic Partners
Pennsylvania
$27K +$26.9K +558 New
BC
133
Bartlett & Co
Ohio
$24K – – –
CEMP
134
Compass Efficient Model Portfolios
Tennessee
$22K -$13.5K -280 -38%
CA
135
CapWealth Advisors
Tennessee
$17K – – –
TWA
136
TCI Wealth Advisors
Arizona
$10K – – –
CFA
137
Carroll Financial Associates
North Carolina
$9K – – –
EWM
138
Evercore Wealth Management
New York
$8K +$7.51K +156 New
RNS
139
Robert N. Shapiro
$6K -$2.31K -48 -29%
PFO
140
Pathstone Family Office
New Jersey
$4K – – –
RFA
141
Reilly Financial Advisors
California
$4K +$4.24K +88 New
Northern Trust
142
Northern Trust
Illinois
$3K +$360K +7,480 New
FANJ
143
Financial Architects (New Jersey)
New Jersey
$1K +$1.4K +29 New
SI
144
SII Investments
Wisconsin
– -$2.14M -44,804 Closed
RJFSA
145
Raymond James Financial Services Advisors
Florida
– -$2.06M -43,151 Closed
FIAS
146
FinTrust Investment Advisory Services
South Carolina
– -$862K -18,025 Closed
SYBT
147
Stock Yards Bank & Trust
Kentucky
– -$711K -14,884 Closed
TCT
148
TIAA CREF Trust
Missouri
– -$261K -5,467 Closed
ACM
149
Argentus Capital Management
Texas
– -$247K -5,175 Closed
WC
150
Whitnell & Co
Illinois
– -$98K -2,043 Closed
3 4 5
6
7

SHM Hedge Fund Activity: Q3 2013 in Review

140 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q3 2013, worth a combined $1.01B — up 9.3% from $923M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SHM positions and 8 closed out — a net gain of 7 holders — while 48 added to existing stakes and 45 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.5M. The largest seller was PNC Financial Services Group, cutting an estimated $8.38M.

  • 140 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q3 2013, up from 135 in Q2 2013.
  • Funds reported $1.01B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q3 2013, up 9.3% quarter-over-quarter.
  • 15 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q3 2013 and 8 closed out, a net change of +7 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q3 2013 was Morgan Stanley, an estimated $12.5M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q3 2013 was PNC Financial Services Group, an estimated $8.38M sold.

Based on aggregated 13F filings for Q3 2013.