State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
330 hedge funds and large institutions have $2.42B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2018 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 135 increasing their positions, 104 reducing their positions, and 25 closing their positions.
48% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 25
30% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 104
11% more capital invested
Capital invested by funds: $2.18B → $2.42B (+$244M)
3% more funds holding
Funds holding: 321 → 330 (+9)
2.05% more ownership
Funds ownership: 62.27% → 64.32% (+2.1%)
19% less funds holding in top 10
Funds holding in top 10: 21 → 17 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$99M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$46.2M |
| 3 |
PC
Premise Capital
Naperville,
Illinois
|
+$32.8M |
| 4 |
CC
Callan Capital
La Jolla,
California
|
+$30.7M |
| 5 |
ST
Smithfield Trust
Pittsburgh,
Pennsylvania
|
+$20M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$25.6M |
| 2 |
Jane Street
New York
|
-$16M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$10.8M |
| 4 |
SFG
Sage Financial Group
W. Conshohocken,
Pennsylvania
|
-$9.08M |
| 5 |
RFO
RiverGlades Family Offices
Naples,
Florida
|
-$7.08M |
SHM Hedge Fund Activity: Q1 2018 in Review
330 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2018, worth a combined $2.42B — up 11% from $2.18B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new SHM positions and 25 closed out — a net gain of 12 holders — while 135 added to existing stakes and 104 trimmed.
The largest buyer was Bank of America, adding an estimated $99M. The largest seller was Karpus Investment Management, cutting an estimated $25.6M.
- 330 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2018, up from 321 in Q4 2017.
- Funds reported $2.42B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2018, up 11% quarter-over-quarter.
- 37 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2018 and 25 closed out, a net change of +12 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2018 was Bank of America, an estimated $99M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2018 was Karpus Investment Management, an estimated $25.6M sold.
Based on aggregated 13F filings for Q1 2018.