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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
BJL
126
Brighton Jones LLC
Washington
$253K +$253K +5,204 New
CCM
127
Coldstream Capital Management
Washington
$240K -$50.1K -1,033 -17%
QCMC
128
Quantum Capital Management (California)
California
$219K +$12.4K +255 +6%
Fidelity Investments
129
Fidelity Investments
Massachusetts
$214K +$214K +4,415 New
PAG
130
Private Advisor Group
New Jersey
$209K +$208K +4,293 New
JP Morgan Chase
131
JP Morgan Chase
New York
$207K +$1.26K +26 +0.6%
FF
132
Friedenthal Financial
New Jersey
$202K +$202K +4,157 New
GI
133
Gradient Investments
Minnesota
$193K -$46.7K -962 -20%
SF
134
Synovus Financial
Georgia
$177K -$84.9K -1,750 -32%
CP
135
Corbenic Partners
Pennsylvania
$170K +$143K +2,942 +527%
M
136
MOTCO
Texas
$152K – – –
NEAM
137
New England Asset Management
Connecticut
$148K – – –
WT
138
Whittier Trust
California
$134K +$134K +2,767 New
AIG
139
American International Group
New York
$125K -$48.5K -1,000 -28%
Deutsche Bank
140
Deutsche Bank
Germany
$80K -$54.8K -1,130 -40%
ClearBridge Investments
141
ClearBridge Investments
New York
$56K – – –
SCG
142
Strategic Capital Group
Washington
$49K – – –
PAS
143
Partnervest Advisory Services
California
$48K +$47.9K +986 New
NC
144
NewSquare Capital
Pennsylvania
$37K -$4.85K -100 -12%
NES
145
New England Securities
New York
$35K -$53K -1,093 -60%
FHA
146
First Horizon Advisors
Tennessee
$32K – – –
MAS
147
Madden Advisory Services
Florida
$32K – – –
ECM
148
Exchange Capital Management
Michigan
$29K – – –
BC
149
Bartlett & Co
Ohio
$22K -$2.43K -50 -10%
CEMP
150
Compass Efficient Model Portfolios
Tennessee
$22K +$49 +1 +0.2%
4 5
6
7 8

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.