SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Strong Trading Volume – Time to Buy?

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) saw an uptick in trading volume on Monday . 1,307,942 shares traded hands during mid-day trading, an increase of 237% from the previous session’s volume of 388,030 shares.The stock last traded at $48.0050 and had previously closed at $48.01.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

The firm’s 50-day moving average is $47.96 and its 200-day moving average is $48.04.

Institutional Investors Weigh In On SPDR Nuveen ICE Short Term Municipal Bond ETF

Several hedge funds have recently made changes to their positions in SHM. Confluence Investment Management LLC lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 34.6% during the second quarter. Confluence Investment Management LLC now owns 64,652 shares of the company’s stock valued at $3,092,000 after buying an additional 16,604 shares during the period. Versant Capital Management Inc increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.6% in the 2nd quarter. Versant Capital Management Inc now owns 30,979 shares of the company’s stock worth $1,482,000 after acquiring an additional 2,726 shares in the last quarter. Juncture Wealth Strategies LLC lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 14.5% during the 2nd quarter. Juncture Wealth Strategies LLC now owns 24,992 shares of the company’s stock valued at $1,195,000 after acquiring an additional 3,165 shares during the period. Dynamic Advisor Solutions LLC lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 6.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 46,478 shares of the company’s stock valued at $2,223,000 after acquiring an additional 2,636 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the second quarter worth about $1,373,000. 99.65% of the stock is currently owned by 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.