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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

168 hedge funds and large institutions have $1.11B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2014 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 68 increasing their positions, 51 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

38% more funds holding in top 10

Funds holding in top 10: 8 → 11 (+3)

33% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 51

6% more funds holding

Funds holding: 158 → 168 (+10)

2% more capital invested

Capital invested by funds: $1.09B → $1.11B (+$17.5M)

0.37% less ownership

Funds ownership: 25.49% → 25.12% (-0.37%)

Holders
168
Holders Change
+10
Holders Change %
+6.33%
% of All Funds
4.85%
Holding in Top 10
11
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+37.5%
% of All Funds
0.32%
New
22
Increased
68
Reduced
51
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SGCA
Steel Grove Capital Advisors
Tennessee
+$13.1M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$7.43M
3
PL
Plancorp LLC
Missouri
+$6.98M
4
Morgan Stanley
Morgan Stanley
New York
+$6.53M
5
BCM
Bluefin Capital Management
New York
+$6.09M

Top Sellers

Rank Fund Capital Flow
1
SIA
Spruce Investment Advisors
Connecticut
-$36.5M
2
Bank of America
Bank of America
North Carolina
-$13M
3
WCM
Windham Capital Management
Massachusetts
-$5.77M
4
AL
Aspiriant LLC
California
-$3.04M
5
Goldman Sachs
Goldman Sachs
New York
-$2.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
CG
151
Colony Group
Massachusetts
$99K -$293K -6,019 -75%
Deutsche Bank
152
Deutsche Bank
Germany
$92K +$12.2K +250 +15%
BC
153
Bartlett & Co
Ohio
$66K +$44.5K +915 +203%
ClearBridge Investments
154
ClearBridge Investments
New York
$56K – – –
SCG
155
Strategic Capital Group
Washington
$49K – – –
RIA
156
Regal Investment Advisors
Michigan
$49K +$49.2K +1,010 New
PAS
157
Partnervest Advisory Services
California
$48K – – –
NES
158
New England Securities
New York
$39K +$4.09K +84 +12%
FHA
159
First Horizon Advisors
Tennessee
$32K – – –
WA
160
WFG Advisors
Texas
$30K +$7.84K +161 +35%
ECM
161
Exchange Capital Management
Michigan
$29K – – –
CA
162
CapWealth Advisors
Tennessee
$17K – – –
CFA
163
Carroll Financial Associates
North Carolina
$10K – – –
TWA
164
TCI Wealth Advisors
Arizona
$10K – – –
EWM
165
Evercore Wealth Management
New York
$8K – – –
RNS
166
Robert N. Shapiro
$6K – – –
Northern Trust
167
Northern Trust
Illinois
$3K – – –
MAS
168
Madden Advisory Services
Florida
$2K -$29.9K -615 -93%
VIA
169
Vantage Investment Advisors
Pennsylvania
$2K – – –
Fifth Third Bancorp
170
Fifth Third Bancorp
Ohio
$2K +$1.75K +36 New
TCM
171
Tradewinds Capital Management
Washington
$1K +$195 +4 +40%
SCP
172
Syntal Capital Partners
Texas
$532 +$534K +10,980 New
DWT
173
Dorsey & Whitney Trust
South Dakota
– -$1.63M -33,628 Closed
RCM
174
Rotella Capital Management
Washington
– -$809K -16,650 Closed
AP
175
Advisors Preferred
Maryland
– -$585K -12,050 Closed
4 5 6
7
8

SHM Hedge Fund Activity: Q1 2014 in Review

168 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2014, worth a combined $1.11B — up 1.6% from $1.09B a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new SHM positions and 11 closed out — a net gain of 11 holders — while 68 added to existing stakes and 51 trimmed.

The largest buyer was Steel Grove Capital Advisors, opening a new position worth an estimated $13.1M. The largest seller was Spruce Investment Advisors, cutting an estimated $36.5M.

  • 168 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2014, up from 158 in Q4 2013.
  • Funds reported $1.11B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2014, up 1.6% quarter-over-quarter.
  • 22 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2014 and 11 closed out, a net change of +11 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2014 was Steel Grove Capital Advisors, an estimated $13.1M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2014 was Spruce Investment Advisors, an estimated $36.5M sold.

Based on aggregated 13F filings for Q1 2014.