State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
227 hedge funds and large institutions have $1.7B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2016 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 111 increasing their positions, 53 reducing their positions, and 13 closing their positions.
109% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 53
54% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 13
3% more funds holding
Funds holding: 220 → 227 (+7)
4% more capital invested
Capital invested by funds: $1.63B → $1.7B (+$60.4M)
0% more funds holding in top 10
Funds holding in top 10: 14 → 14 (0)
1.11% less ownership
Funds ownership: 55.17% → 54.06% (-1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$18.8M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$14.5M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$10M |
| 4 |
CAM
Caprin Asset Management
Henrico,
Virginia
|
+$9.49M |
| 5 |
BlackRock
New York
|
+$8.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMM
Stadion Money Management
Watkinsville,
Georgia
|
-$26.6M |
| 2 |
WCM
Windham Capital Management
Boston,
Massachusetts
|
-$10.4M |
| 3 |
3AM
3D Asset Management
Hartford,
Connecticut
|
-$8.98M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$6.39M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$4.3M |
SHM Hedge Fund Activity: Q3 2016 in Review
227 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q3 2016, worth a combined $1.7B — up 3.7% from $1.63B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new SHM positions and 13 closed out — a net gain of 7 holders — while 111 added to existing stakes and 53 trimmed.
The largest buyer was Bank of America, adding an estimated $18.8M. The largest seller was Stadion Money Management, exiting entirely with an estimated $26.6M sold.
- 227 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q3 2016, up from 220 in Q2 2016.
- Funds reported $1.7B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q3 2016, up 3.7% quarter-over-quarter.
- 20 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q3 2016 and 13 closed out, a net change of +7 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q3 2016 was Bank of America, an estimated $18.8M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q3 2016 was Stadion Money Management, an estimated $26.6M sold.
Based on aggregated 13F filings for Q3 2016.