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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

197 hedge funds and large institutions have $1.25B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2014 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 65 increasing their positions, 66 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 8

11% more funds holding

Funds holding: 178197 (+19)

0% more funds holding in top 10

Funds holding in top 10: 77 (0)

2% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 66

5% less capital invested

Capital invested by funds: $1.31B → $1.25B (-$59.6M)

1.13% less ownership

Funds ownership: 25.61%24.47% (-1.1%)

Holders
197
Holders Change
+19
Holders Change %
+10.67%
% of All Funds
5.25%
Holding in Top 10
7
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.19%
New
30
Increased
65
Reduced
66
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$168M -$66M -1,353,925 -28%
PNC Financial Services Group
2
PNC Financial Services Group
Pennsylvania
$150M +$5.68M +116,565 +4%
Morgan Stanley
3
Morgan Stanley
New York
$119M +$4.87M +99,874 +4%
UBS Group
4
UBS Group
Switzerland
$73.5M +$73.7M +1,512,483 New
Lazard Asset Management
5
Lazard Asset Management
New York
$42.9M
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$34.1M +$2.06M +42,343 +6%
USAA
7
United Services Automobile Association
Texas
$30.8M -$75.2K -1,544 -0.2%
BTS
8
BB&T Securities
Virginia
$28.4M -$1.75M -35,927 -38%
GA
9
Gateway Advisory
New Jersey
$25.4M -$333K -6,836 -1%
Envestnet Asset Management
10
Envestnet Asset Management
Illinois
$25.3M -$9.31M -190,996 -27%
Wells Fargo
11
Wells Fargo
California
$24.9M +$210K +4,313 +0.8%
RJA
12
Raymond James & Associates
Florida
$20.5M +$2.14M +43,943 +12%
MAA
13
Managed Account Advisors
New Jersey
$20.3M +$8.14M +167,115 +66%
KIM
14
Karpus Investment Management
New York
$20M +$1.49M +30,489 +8%
BCI
15
Brinker Capital Investments
Pennsylvania
$19.4M +$937K +19,229 +5%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$18.7M +$1.84M +37,860 +11%
Citigroup
17
Citigroup
New York
$18.4M -$5.42M -111,188 -23%
AssetMark Inc
18
AssetMark Inc
California
$16.8M +$458K +9,390 +3%
CCG
19
Chatham Capital Group
Georgia
$15M +$2.13M +43,750 +16%
Northwestern Mutual Wealth Management
20
Northwestern Mutual Wealth Management
Wisconsin
$14.3M +$644K +13,222 +5%
ST
21
Smithfield Trust
Pennsylvania
$13.9M -$454K -9,309 -3%
B
22
Bailard
California
$13.9M -$2.29M -46,938 -14%
CAG
23
Crestwood Advisors Group
Massachusetts
$13M +$1.06M +21,838 +9%
WCM
24
Windham Capital Management
Massachusetts
$12.8M -$235K -4,816 -2%
CHA
25
Cedar Hill Associates
Illinois
$11.6M -$1.32M -27,010 -10%

SHM Hedge Fund Activity: Q4 2014 in Review

197 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2014, worth a combined $1.25B — down 4.6% from $1.31B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new SHM positions and 8 closed out — a net gain of 22 holders — while 65 added to existing stakes and 66 trimmed.

The largest buyer was Managed Account Advisors, adding an estimated $8.14M. The largest seller was Bank of America, cutting an estimated $66M.

  • 197 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2014, up from 178 in Q3 2014.
  • Funds reported $1.25B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2014, down 4.6% quarter-over-quarter.
  • 30 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2014 and 8 closed out, a net change of +22 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2014 was Managed Account Advisors, an estimated $8.14M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2014 was Bank of America, an estimated $66M sold.

Based on aggregated 13F filings for Q4 2014.