State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
177 hedge funds and large institutions have $1.17B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2014 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 74 increasing their positions, 60 reducing their positions, and 10 closing their positions.
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
23% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 60
6% more capital invested
Capital invested by funds: $1.11B → $1.17B (+$63.7M)
5% more funds holding
Funds holding: 168 → 177 (+9)
0.06% more ownership
Funds ownership: 25.12% → 25.19% (+0.06%)
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$31.4M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$9.41M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$7.16M |
| 4 |
SI
SII Investments
Appleton,
Wisconsin
|
+$4.34M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AT
Arden Trust
Wilmington,
Delaware
|
-$11.4M |
| 2 |
B
Bailard
Foster City,
California
|
-$10.3M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$8.4M |
| 4 |
SGCA
Steel Grove Capital Advisors
Memphis,
Tennessee
|
-$6.53M |
| 5 |
BCM
Bluefin Capital Management
New York
|
-$6.1M |
SHM Hedge Fund Activity: Q2 2014 in Review
177 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q2 2014, worth a combined $1.17B — up 5.8% from $1.11B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new SHM positions and 10 closed out — a net gain of 9 holders — while 74 added to existing stakes and 60 trimmed.
The largest buyer was Bank of America, adding an estimated $31.4M. The largest seller was Arden Trust, cutting an estimated $11.4M.
- 177 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q2 2014, up from 168 in Q1 2014.
- Funds reported $1.17B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q2 2014, up 5.8% quarter-over-quarter.
- 19 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q2 2014 and 10 closed out, a net change of +9 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q2 2014 was Bank of America, an estimated $31.4M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q2 2014 was Arden Trust, an estimated $11.4M sold.
Based on aggregated 13F filings for Q2 2014.