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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

384 hedge funds and large institutions have $3.34B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2020 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 141 increasing their positions, 129 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more capital invested

Capital invested by funds: $2.99B → $3.34B (+$346M)

3.42% more ownership

Funds ownership: 79.64% → 83.06% (+3.4%)

9% more repeat investments, than reductions

Existing positions increased: 141 | Existing positions reduced: 129

2% less funds holding

Funds holding: 392 → 384 (-8)

13% less funds holding in top 10

Funds holding in top 10: 15 → 13 (-2)

15% less first-time investments, than exits

New positions opened: 35 | Existing positions closed: 41

Holders
384
Holders Change
-8
Holders Change %
-2.04%
% of All Funds
7.87%
Holding in Top 10
13
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-13.33%
% of All Funds
0.27%
New
35
Increased
141
Reduced
129
Closed
41
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$84.5M
2
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$65.6M
3
LPL Financial
LPL Financial
California
+$28.3M
4
Bank of America
Bank of America
North Carolina
+$24.8M
5
Financial Engines Advisors
Financial Engines Advisors
California
+$20.6M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$24.8M
2
M&T Bank
M&T Bank
New York
-$18.2M
3
AWS
AJ Wealth Strategies
New York
-$17.5M
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$11.1M
5
USAA
United Services Automobile Association
Texas
-$10.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
PFPT
126
Pinnacle Financial Partners (Tennessee)
Tennessee
$2.27M +$41K +830 +2%
RFO
127
RiverGlades Family Offices
Florida
$2.25M -$39.5K -800 -2%
LFAS
128
Level Four Advisory Services
Texas
$2.24M +$65.6K +1,328 +3%
IA
129
Independence Advisors
Pennsylvania
$2.24M – – –
AWM
130
Avior Wealth Management
Nebraska
$2.2M -$202K -4,090 -8%
MWM
131
Mattern Wealth Management
Kansas
$2.04M +$1.41M +28,606 +231%
PFA
132
Pettinga Financial Advisors
Indiana
$2.01M +$651K +13,169 +48%
Lazard Asset Management
133
Lazard Asset Management
New York
$1.97M – – –
RJT
134
Raymond James Trust
Florida
$1.96M +$228K +4,610 +13%
SIM
135
Sadoff Investment Management
Wisconsin
$1.93M – – –
SW
136
SVB Wealth
Massachusetts
$1.88M -$4.69K -95 -0.3%
BCA
137
Biltmore Capital Advisors
New Jersey
$1.86M +$667K +13,509 +57%
FF
138
Friedenthal Financial
New Jersey
$1.84M -$195K -3,949 -10%
TA
139
Tiedemann Advisors
New York
$1.83M – – –
ACP
140
Aveo Capital Partners
Colorado
$1.77M -$136K -2,753 -7%
MIM
141
Moseley Investment Management
Florida
$1.76M -$150K -3,038 -8%
WSTAM
142
Wilbanks Smith & Thomas Asset Management
Virginia
$1.75M -$42.3K -856 -2%
CTB
143
Country Trust Bank
Illinois
$1.75M +$766K +15,495 +79%
CP
144
Corbenic Partners
Pennsylvania
$1.7M +$1.68M +34,061 +39,151%
AllianceBernstein
145
AllianceBernstein
Tennessee
$1.7M +$13K +263 +0.8%
Rockefeller Capital Management
146
Rockefeller Capital Management
New York
$1.68M -$1.2M -24,204 -42%
DJSG
147
D.J. St. Germain
Massachusetts
$1.65M +$345K +6,980 +27%
LWPC
148
Legacy Wealth Partners (California)
California
$1.64M -$64.7K -1,309 -4%
FWP
149
FAS Wealth Partners
Kansas
$1.6M -$76.9K -1,557 -5%
HCM
150
Hengehold Capital Management
Ohio
$1.59M +$1M +20,273 +174%
4 5
6
7 8

SHM Hedge Fund Activity: Q2 2020 in Review

384 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q2 2020, worth a combined $3.34B — up 12% from $2.99B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of SHM and 35 opened new positions — a net loss of 6 holders — while 129 trimmed existing stakes and 141 added.

The largest buyer was Envestnet Asset Management, adding an estimated $84.5M. The largest seller was Jane Street, cutting an estimated $24.8M.

  • 384 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q2 2020, down from 392 in Q1 2020.
  • Funds reported $3.34B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q2 2020, up 12% quarter-over-quarter.
  • 35 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q2 2020 and 41 closed out, a net change of -6 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q2 2020 was Envestnet Asset Management, an estimated $84.5M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q2 2020 was Jane Street, an estimated $24.8M sold.

Based on aggregated 13F filings for Q2 2020.