State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
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 62 funds opening new positions, 106 increasing their positions, 117 reducing their positions, and 35 closing their positions.
77% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 35
43% more funds holding in top 10
Funds holding in top 10: 14 → 20 (+6)
8% more capital invested
Capital invested by funds: $2.37B → $2.57B (+$201M)
7% more funds holding
Funds holding: 320 → 343 (+23)
2.28% more ownership
Funds ownership: 65.14% → 67.42% (+2.3%)
9% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 117
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$91.3M |
| 2 |
PC
Premise Capital
Naperville,
Illinois
|
+$61.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$25.7M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$19M |
| 5 |
Renaissance Technologies
New York
|
+$12.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$51.9M |
| 2 |
ST
Smithfield Trust
Pittsburgh,
Pennsylvania
|
-$33.1M |
| 3 |
Morgan Stanley
New York
|
-$24.2M |
| 4 |
Jane Street
New York
|
-$23.4M |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$12.6M |
SHM Hedge Fund Activity: Q4 2018 in Review
343 of the 4,489 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 8.5% from $2.37B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new SHM positions and 35 closed out — a net gain of 27 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 Cornerstone Wealth Management, cutting an estimated $51.9M.
- 343 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2018, up from 320 in Q3 2018.
- Funds reported $2.57B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2018, up 8.5% quarter-over-quarter.
- 62 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 +27 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 Cornerstone Wealth Management, an estimated $51.9M sold.
Based on aggregated 13F filings for Q4 2018.