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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

277 hedge funds and large institutions have $2.18B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 110 increasing their positions, 84 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 17

31% more repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 84

12% more capital invested

Capital invested by funds: $1.95B → $2.18B (+$234M)

5.1% more ownership

Funds ownership: 56.16% → 61.26% (+5.1%)

3% more funds holding

Funds holding: 269 → 277 (+8)

6% less funds holding in top 10

Funds holding in top 10: 18 → 17 (-1)

Holders
277
Holders Change
+8
Holders Change %
+2.97%
% of All Funds
6.91%
Holding in Top 10
17
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5.56%
% of All Funds
0.42%
New
28
Increased
110
Reduced
84
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$115M
2
Jane Street
Jane Street
New York
+$41.5M
3
CAM
Caprin Asset Management
Virginia
+$35.3M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$32M
5
Citigroup
Citigroup
New York
+$15.9M

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$18.3M
2
RVPG
Relative Value Partners Group
-$17.3M
3
CWM
CMH Wealth Management
New Hampshire
-$5.85M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$4.43M
5
BTS
BB&T Securities
Virginia
-$3.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
176
Exchange Capital Management
Michigan
$512K +$22.7K +465 +5%
FUBT
177
First United Bank & Trust
Maryland
$511K +$188K +3,855 +58%
RCA
178
Rowland Carmichael Advisors
Arizona
$501K – – –
CAL
179
Capital Advisors Ltd
Ohio
$500K – – –
CLOS
180
Compagnie Lombard Odier SCmA
Switzerland
$486K – – –
AEPG
181
American Economic Planning Group
New Jersey
$485K +$33K +676 +7%
WCM
182
Wealthcare Capital Management
Virginia
$484K -$105K -2,145 -18%
ECAM
183
East Coast Asset Management
Massachusetts
$477K -$29.7K -609 -6%
V
184
Veritable
Delaware
$474K – – –
AWM
185
AE Wealth Management
Kansas
$473K – – –
M&T Bank
186
M&T Bank
New York
$471K +$73K +1,498 +18%
BFEC
187
Benjamin F. Edwards & Company
Missouri
$461K +$310K +6,363 +203%
BWM
188
BerganKDV Wealth Management
Minnesota
$456K – – –
ECM
189
ETrade Capital Management
Virginia
$456K +$458K +9,383 New
DP
190
Denver PWM
Colorado
$449K +$451K +9,257 New
WAM
191
Wealthspire Advisors (Maryland)
Maryland
$442K – – –
SYBT
192
Stock Yards Bank & Trust
Kentucky
$442K +$73.1K +1,500 +20%
CG
193
Colony Group
Massachusetts
$440K -$13.3K -273 -3%
GIM
194
Greenwich Investment Management
Connecticut
$437K -$122K -2,500 -22%
CAN
195
Cetera Advisor Networks
California
$414K -$50K -1,026 -11%
Lido Advisors
196
Lido Advisors
California
$414K +$417K +8,546 New
PFBT
197
Parkside Financial Bank & Trust
Missouri
$410K -$13.6K -278 -3%
SEI Investments
198
SEI Investments
Pennsylvania
$401K +$63.4K +1,301 +19%
FIM
199
Frontier Investment Management
Texas
$391K – – –
WSCM
200
Wellington Shields Capital Management
New York
$389K – – –
6 7
8
9 10

SHM Hedge Fund Activity: Q3 2017 in Review

277 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q3 2017, worth a combined $2.18B — up 12% from $1.95B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new SHM positions and 17 closed out — a net gain of 11 holders — while 110 added to existing stakes and 84 trimmed.

The largest buyer was Bank of America, adding an estimated $115M. The largest seller was Raymond James & Associates, cutting an estimated $18.3M.

  • 277 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q3 2017, up from 269 in Q2 2017.
  • Funds reported $2.18B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q3 2017, up 12% quarter-over-quarter.
  • 28 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q3 2017 and 17 closed out, a net change of +11 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q3 2017 was Bank of America, an estimated $115M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q3 2017 was Raymond James & Associates, an estimated $18.3M sold.

Based on aggregated 13F filings for Q3 2017.