State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
426 hedge funds and large institutions have $4B invested in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF in 2021 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 172 increasing their positions, 115 reducing their positions, and 36 closing their positions.
203% more capital inflows, than outflows
Capital inflows: $411M | Capital outflows: $136M
50% more repeat investments, than reductions
Existing positions increased: 172 | Existing positions reduced: 115
42% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 36
7% more funds holding in top 10
Funds holding in top 10: 15 → 16 (+1)
2% more funds holding
Funds holding: 417 → 426 (+9)
0.78% more ownership
Funds ownership: 85.38% → 86.15% (+0.78%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$64.6M |
| 2 |
Goldman Sachs
New York
|
+$37.7M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$37.7M |
| 4 |
Morgan Stanley
New York
|
+$31.1M |
| 5 |
Karpus Investment Management
Pittsford,
New York
|
+$18.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Relative Value Partners Group
|
-$18M |
| 2 |
Jane Street
New York
|
-$15M |
| 3 |
Alaska Wealth Advisors
Anchorage,
Alaska
|
-$13.4M |
| 4 |
Raymond James & Associates
St Petersburg,
Florida
|
-$10.3M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$6.44M |
SHM Hedge Fund Activity: Q1 2021 in Review
426 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) for Q1 2021, worth a combined $4B — up 6.5% from $3.75B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new SHM positions and 36 closed out — a net gain of 15 holders — while 172 added to existing stakes and 115 trimmed.
The largest buyer was Bank of America, adding an estimated $64.6M. The largest seller was Relative Value Partners Group, cutting an estimated $18M.
- 426 institutional investors held State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) as of Q1 2021, up from 417 in Q4 2020.
- Funds reported $4B of State Street SPDR Nuveen ICE Short Term Municipal Bond ETF stock for Q1 2021, up 6.5% quarter-over-quarter.
- 51 funds opened new State Street SPDR Nuveen ICE Short Term Municipal Bond ETF positions in Q1 2021 and 36 closed out, a net change of +15 holders.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF buyer in Q1 2021 was Bank of America, an estimated $64.6M added.
- The largest State Street SPDR Nuveen ICE Short Term Municipal Bond ETF seller in Q1 2021 was Relative Value Partners Group, an estimated $18M sold.
Based on aggregated 13F filings for Q1 2021.