SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) saw strong trading volume on Wednesday . 1,049,117 shares changed hands during trading, an increase of 274% from the previous session’s volume of 280,394 shares.The stock last traded at $47.82 and had previously closed at $47.87.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Down 0.2%

The business has a 50 day moving average of $47.84 and a 200-day moving average of $48.01.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Standard Wealth Management LLC lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 0.5% in the first quarter. Boston Standard Wealth Management LLC now owns 42,445 shares of the company’s stock worth $2,028,000 after purchasing an additional 229 shares during the period. Prairiewood Capital LLC increased its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.3% during the 1st quarter. Prairiewood Capital LLC now owns 18,457 shares of the company’s stock valued at $883,000 after purchasing an additional 230 shares during the period. Legacy Solutions LLC raised its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.9% in the 4th quarter. Legacy Solutions LLC now owns 13,917 shares of the company’s stock worth $668,000 after buying an additional 254 shares in the last quarter. APS Management Group Inc. raised its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 2.8% in the 4th quarter. APS Management Group Inc. now owns 9,440 shares of the company’s stock worth $453,000 after buying an additional 258 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.6% in the fourth quarter. Mutual Advisors LLC now owns 17,940 shares of the company’s stock valued at $861,000 after buying an additional 283 shares during the period. 99.65% of the stock is currently owned by hedge funds and other institutional investors.

About SPDR Nuveen ICE Short Term Municipal Bond ETF

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.