State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
158 hedge funds and large institutions have $1.09B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2013 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 36 reducing their positions, and 14 closing their positions.
136% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 14
78% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 36
13% more funds holding
Funds holding: 140 → 158 (+18)
8% more capital invested
Capital invested by funds: $1.01B → $1.09B (+$79.9M)
1.55% more ownership
Funds ownership: 23.95% → 25.49% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
Top Buyers
| 1 |
SIA
Spruce Investment Advisors
Stamford,
Connecticut
|
+$36.8M |
| 2 |
B
Bailard
Foster City,
California
|
+$16M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$14.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$14.6M |
| 5 |
Morgan Stanley
New York
|
+$14.3M |
Top Sellers
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$30.5M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$16.4M |
| 3 |
Comerica Bank
Dallas,
Texas
|
-$4.38M |
| 4 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
-$4.08M |
| 5 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$3.92M |
SHM Hedge Fund Activity: Q4 2013 in Review
158 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2013, worth a combined $1.09B — up 7.9% from $1.01B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new SHM positions and 14 closed out — a net gain of 19 holders — while 64 added to existing stakes and 36 trimmed.
The largest buyer was Spruce Investment Advisors, opening a new position worth an estimated $36.8M. The largest seller was BB&T Securities, exiting entirely with an estimated $30.5M sold.
- 158 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2013, up from 140 in Q3 2013.
- Funds reported $1.09B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2013, up 7.9% quarter-over-quarter.
- 33 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2013 and 14 closed out, a net change of +19 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2013 was Spruce Investment Advisors, an estimated $36.8M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2013 was BB&T Securities, an estimated $30.5M sold.
Based on aggregated 13F filings for Q4 2013.