State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
220 hedge funds and large institutions have $1.63B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2016 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 88 increasing their positions, 63 reducing their positions, and 22 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 63
32% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 22
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
6% more capital invested
Capital invested by funds: $1.54B → $1.63B (+$99.3M)
3.71% more ownership
Funds ownership: 51.46% → 55.17% (+3.7%)
2% more funds holding
Funds holding: 215 → 220 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$135M |
| 2 |
SMM
Stadion Money Management
Watkinsville,
Georgia
|
+$26.5M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$15.3M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$12.8M |
| 5 |
3AM
3D Asset Management
Hartford,
Connecticut
|
+$8.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UFF
USA Financial Formulas
Ada,
Michigan
|
-$15.7M |
| 2 |
CAG
Crestwood Advisors Group
Boston,
Massachusetts
|
-$15M |
| 3 |
PC
Premise Capital
Naperville,
Illinois
|
-$13.1M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$12.9M |
| 5 |
Morgan Stanley
New York
|
-$8.59M |
SHM Hedge Fund Activity: Q2 2016 in Review
220 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q2 2016, worth a combined $1.63B — up 6.5% from $1.54B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new SHM positions and 22 closed out — a net gain of 7 holders — while 88 added to existing stakes and 63 trimmed.
The largest buyer was Bank of America, adding an estimated $135M. The largest seller was USA Financial Formulas, exiting entirely with an estimated $15.7M sold.
- 220 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q2 2016, up from 215 in Q1 2016.
- Funds reported $1.63B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q2 2016, up 6.5% quarter-over-quarter.
- 29 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q2 2016 and 22 closed out, a net change of +7 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q2 2016 was Bank of America, an estimated $135M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q2 2016 was USA Financial Formulas, an estimated $15.7M sold.
Based on aggregated 13F filings for Q2 2016.