State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
140 hedge funds and large institutions have $981M invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2013 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 48 increasing their positions, 45 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
6% more capital invested
Capital invested by funds: $924M → $981M (+$57.4M)
4% more funds holding
Funds holding: 135 → 140 (+5)
7% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 45
0.98% more ownership
Funds ownership: 22.97% → 23.95% (+0.98%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$12.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$12.1M |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$10.9M |
| 4 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$7.88M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$8.38M |
| 2 |
LIM
Leavell Investment Management
Mobile,
Alabama
|
-$7.38M |
| 3 |
Goldman Sachs
New York
|
-$6.12M |
| 4 |
SI
SII Investments
Appleton,
Wisconsin
|
-$2.14M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.06M |
SHM Hedge Fund Activity: Q3 2013 in Review
140 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q3 2013, worth a combined $981M — up 6.2% from $924M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new SHM positions and 8 closed out — a net gain of 7 holders — while 48 added to existing stakes and 45 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $12.5M. The largest seller was PNC Financial Services Group, cutting an estimated $8.38M.
- 140 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q3 2013, up from 135 in Q2 2013.
- Funds reported $981M of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q3 2013, up 6.2% quarter-over-quarter.
- 15 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q3 2013 and 8 closed out, a net change of +7 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q3 2013 was Morgan Stanley, an estimated $12.5M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q3 2013 was PNC Financial Services Group, an estimated $8.38M sold.
Based on aggregated 13F filings for Q3 2013.