State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
428 hedge funds and large institutions have $4.2B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2023 Q4 according to their latest regulatory filings, with 81 funds opening new positions, 111 increasing their positions, 186 reducing their positions, and 46 closing their positions.
76% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 46
15% more capital invested
Capital invested by funds: $3.66B → $4.2B (+$539M)
13.73% more ownership
Funds ownership: 93.8% → 107.53% (+14%)
6% more funds holding
Funds holding: 402 → 428 (+26)
40% less repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 186
42% less funds holding in top 10
Funds holding in top 10: 12 → 7 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$264M |
| 2 |
Goldman Sachs
New York
|
+$240M |
| 3 |
Jane Street
New York
|
+$69.3M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$30.2M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$27.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$75.6M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$68.4M |
| 3 |
AWA
Alaska Wealth Advisors
Anchorage,
Alaska
|
-$30.2M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
-$21.7M |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$14.3M |
SHM Hedge Fund Activity: Q4 2023 in Review
428 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2023, worth a combined $4.2B — up 15% from $3.66B a quarter earlier.
Buyers outnumbered sellers: 81 funds opened new SHM positions and 46 closed out — a net gain of 35 holders — while 111 added to existing stakes and 186 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $264M. The largest seller was United Capital Financial Advisors, cutting an estimated $75.6M.
- 428 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2023, up from 402 in Q3 2023.
- Funds reported $4.2B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2023, up 15% quarter-over-quarter.
- 81 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2023 and 46 closed out, a net change of +35 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2023 was Morgan Stanley, an estimated $264M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2023 was United Capital Financial Advisors, an estimated $75.6M sold.
Based on aggregated 13F filings for Q4 2023.