State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
226 hedge funds and large institutions have $1.66B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2016 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 110 increasing their positions, 53 reducing their positions, and 14 closing their positions.
108% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 53
43% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 14
3% more funds holding
Funds holding: 220 → 226 (+6)
1% more capital invested
Capital invested by funds: $1.63B → $1.66B (+$21.5M)
0% more funds holding in top 10
Funds holding in top 10: 14 → 14 (0)
2.34% less ownership
Funds ownership: 55.17% → 52.83% (-2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$18.8M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$14.5M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$10M |
| 4 |
CAM
Caprin Asset Management
Henrico,
Virginia
|
+$9.49M |
| 5 |
BlackRock
New York
|
+$8.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$33.7M |
| 2 |
SMM
Stadion Money Management
Watkinsville,
Georgia
|
-$26.6M |
| 3 |
WCM
Windham Capital Management
Boston,
Massachusetts
|
-$10.4M |
| 4 |
3AM
3D Asset Management
Hartford,
Connecticut
|
-$8.98M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$6.39M |
SHM Hedge Fund Activity: Q3 2016 in Review
226 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q3 2016, worth a combined $1.66B — up 1.3% from $1.63B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new SHM positions and 14 closed out — a net gain of 6 holders — while 110 added to existing stakes and 53 trimmed.
The largest buyer was Bank of America, adding an estimated $18.8M. The largest seller was Northwestern Mutual Wealth Management, exiting entirely with an estimated $33.7M sold.
- 226 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q3 2016, up from 220 in Q2 2016.
- Funds reported $1.66B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q3 2016, up 1.3% quarter-over-quarter.
- 20 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q3 2016 and 14 closed out, a net change of +6 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q3 2016 was Bank of America, an estimated $18.8M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q3 2016 was Northwestern Mutual Wealth Management, an estimated $33.7M sold.
Based on aggregated 13F filings for Q3 2016.