Mercer Global Advisors Inc. ADV Trims Stake in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Mercer Global Advisors Inc. ADV lowered its position in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,824,909 shares of the company’s stock after selling 367,142 shares during the period. Mercer Global Advisors Inc. ADV owned 2.50% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $87,997,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 8.9% during the third quarter. Bank of America Corp DE now owns 19,979,704 shares of the company’s stock valued at $963,421,000 after purchasing an additional 1,634,763 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,696,310 shares of the company’s stock worth $128,965,000 after purchasing an additional 83,304 shares in the last quarter. Quent Capital LLC lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 16.0% during the third quarter. Quent Capital LLC now owns 1,644,782 shares of the company’s stock valued at $79,311,000 after buying an additional 226,320 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.8% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,635,215 shares of the company’s stock worth $78,850,000 after buying an additional 90,144 shares during the period. Finally, Karpus Management Inc. grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 27.4% in the second quarter. Karpus Management Inc. now owns 918,500 shares of the company’s stock worth $43,932,000 after purchasing an additional 197,281 shares during the period. Hedge funds and other institutional investors own 99.65% of the company’s stock.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

SPDR Nuveen ICE Short Term Municipal Bond ETF stock opened at $48.12 on Tuesday. The stock’s 50 day moving average is $48.26 and its 200 day moving average is $48.14. SPDR Nuveen ICE Short Term Municipal Bond ETF has a twelve month low of $46.56 and a twelve month high of $48.51.

SPDR Nuveen ICE Short Term Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1121 per share. The ex-dividend date was Monday, March 2nd. This is a boost from SPDR Nuveen ICE Short Term Municipal Bond ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a dividend yield of 2.8%.

SPDR Nuveen ICE Short Term Municipal Bond ETF Profile

SPDR Nuveen Barclays Short Term Municipal Bond ETF (the Fund), formerly SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF, correspond generally to the price and yield performance of the Barclays Capital Managed Money Municipal Short Term Index (the Index). The Fund uses a passive management strategy designed to track the Index. The Index tracks publicly traded municipal bonds that cover the United States dollar-denominated, short-term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds.