State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
417 hedge funds and large institutions have $3.75B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2020 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 161 increasing their positions, 111 reducing their positions, and 31 closing their positions.
90% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 31
45% more repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 111
25% more funds holding in top 10
Funds holding in top 10: 12 → 15 (+3)
6% more funds holding
Funds holding: 395 → 417 (+22)
5% more capital invested
Capital invested by funds: $3.57B → $3.75B (+$181M)
1.62% more ownership
Funds ownership: 83.75% → 85.38% (+1.6%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $7.88M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$43.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$40.9M |
| 3 |
Jane Street
New York
|
+$23.5M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$21.1M |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$23.7M |
| 2 |
G
GenTrust
Miami,
Florida
|
-$19.5M |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$6.05M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$5.27M |
| 5 |
RRC
Relaxing Retirement Coach
Wellesley,
Massachusetts
|
-$5.22M |
SHM Hedge Fund Activity: Q4 2020 in Review
417 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q4 2020, worth a combined $3.75B — up 5.1% from $3.57B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new SHM positions and 31 closed out — a net gain of 28 holders — while 161 added to existing stakes and 111 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $43.4M. The largest seller was Karpus Investment Management, cutting an estimated $23.7M.
- 417 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q4 2020, up from 395 in Q3 2020.
- Funds reported $3.75B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q4 2020, up 5.1% quarter-over-quarter.
- 59 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q4 2020 and 31 closed out, a net change of +28 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q4 2020 was Morgan Stanley, an estimated $43.4M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q4 2020 was Karpus Investment Management, an estimated $23.7M sold.
Based on aggregated 13F filings for Q4 2020.