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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM

343 hedge funds and large institutions have $2.57B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2018 Q4 according to their latest regulatory filings, with 63 funds opening new positions, 106 increasing their positions, 117 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 35

43% more funds holding in top 10

Funds holding in top 10: 14 → 20 (+6)

10% more capital invested

Capital invested by funds: $2.35B → $2.57B (+$228M)

8% more funds holding

Funds holding: 319 → 343 (+24)

3.69% more ownership

Funds ownership: 63.73% → 67.42% (+3.7%)

9% less repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 117

Holders
343
Holders Change
+24
Holders Change %
+7.52%
% of All Funds
7.61%
Holding in Top 10
20
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+42.86%
% of All Funds
0.44%
New
63
Increased
106
Reduced
117
Closed
35
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$91.3M
2
PC
Premise Capital
Illinois
+$61.4M
3
Bank of America
Bank of America
North Carolina
+$25.7M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$19M
5
Renaissance Technologies
Renaissance Technologies
New York
+$12.7M

Top Sellers

Rank Fund Capital Flow
1
ST
Smithfield Trust
Pennsylvania
-$33.1M
2
Morgan Stanley
Morgan Stanley
New York
-$24.2M
3
Jane Street
Jane Street
New York
-$23.4M
4
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$12.6M
5
Financial Engines Advisors
Financial Engines Advisors
California
-$8.55M

SHM Hedge Fund Activity: Q4 2018 in Review

343 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2018, worth a combined $2.57B — up 9.7% from $2.35B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new SHM positions and 35 closed out — a net gain of 28 holders — while 106 added to existing stakes and 117 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $91.3M. The largest seller was Smithfield Trust, cutting an estimated $33.1M.

  • 343 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2018, up from 319 in Q3 2018.
  • Funds reported $2.57B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2018, up 9.7% quarter-over-quarter.
  • 63 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2018 and 35 closed out, a net change of +28 holders.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2018 was Envestnet Asset Management, an estimated $91.3M added.
  • The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2018 was Smithfield Trust, an estimated $33.1M sold.

Based on aggregated 13F filings for Q4 2018.