State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
268 hedge funds and large institutions have $2B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2016 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 83 increasing their positions, 90 reducing their positions, and 15 closing their positions.
307% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 15
50% more funds holding in top 10
Funds holding in top 10: 14 → 21 (+7)
18% more capital invested
Capital invested by funds: $1.7B → $2B (+$309M)
18% more funds holding
Funds holding: 227 → 268 (+41)
6.33% more ownership
Funds ownership: 54.06% → 60.39% (+6.3%)
8% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PL
Plancorp LLC
Saint Louis,
Missouri
|
+$114M |
| 2 |
PC
Premise Capital
Naperville,
Illinois
|
+$37.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$31.5M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$24.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$19.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$18.4M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$10M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$8.99M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$8.11M |
| 5 |
ST
Smithfield Trust
Pittsburgh,
Pennsylvania
|
-$6.41M |
SHM Hedge Fund Activity: Q4 2016 in Review
268 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2016, worth a combined $2B — up 18% from $1.7B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new SHM positions and 15 closed out — a net gain of 46 holders — while 83 added to existing stakes and 90 trimmed.
The largest buyer was Plancorp LLC, opening a new position worth an estimated $114M. The largest seller was Morgan Stanley, cutting an estimated $18.4M.
- 268 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2016, up from 227 in Q3 2016.
- Funds reported $2B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2016, up 18% quarter-over-quarter.
- 61 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2016 and 15 closed out, a net change of +46 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2016 was Plancorp LLC, an estimated $114M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2016 was Morgan Stanley, an estimated $18.4M sold.
Based on aggregated 13F filings for Q4 2016.