State Street SPDR Nuveen ICE Municipal Bond ETF
108 hedge funds and large institutions have $607M invested in State Street SPDR Nuveen ICE Municipal Bond ETF in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 38 increasing their positions, 36 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
14% more capital invested
Capital invested by funds: $531M → $607M (+$75.9M)
7% more funds holding
Funds holding: 101 → 108 (+7)
6% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 36
0.72% more ownership
Funds ownership: 28.77% → 29.49% (+0.72%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$11.2M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
+$10.2M |
| 3 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
+$7.84M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$4.12M |
| 5 |
Morgan Stanley
New York
|
+$3.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$6.64M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.27M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$4.55M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$938K |
| 5 |
RCM
Rotella Capital Management
Bellevue,
Washington
|
-$764K |
TFI Hedge Fund Activity: Q1 2014 in Review
108 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) for Q1 2014, worth a combined $607M — up 14% from $531M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TFI positions and 5 closed out — a net gain of 9 holders — while 38 added to existing stakes and 36 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $11.2M. The largest seller was Jane Street, cutting an estimated $6.64M.
- 108 institutional investors held State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) as of Q1 2014, up from 101 in Q4 2013.
- Funds reported $607M of State Street SPDR Nuveen ICE Municipal Bond ETF stock for Q1 2014, up 14% quarter-over-quarter.
- 14 funds opened new State Street SPDR Nuveen ICE Municipal Bond ETF positions in Q1 2014 and 5 closed out, a net change of +9 holders.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF buyer in Q1 2014 was Envestnet Asset Management, an estimated $11.2M added.
- The largest State Street SPDR Nuveen ICE Municipal Bond ETF seller in Q1 2014 was Jane Street, an estimated $6.64M sold.
Based on aggregated 13F filings for Q1 2014.