SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sets New 52-Week Low – Here’s What Happened

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) reached a new 52-week low during trading on Thursday . The company traded as low as $47.55 and last traded at $47.56, with a volume of 35157 shares traded. The stock had previously closed at $47.70.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Up 0.1%

The firm’s 50 day moving average is $47.83 and its 200 day moving average is $48.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SHM. First Trust Advisors LP bought a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the 2nd quarter worth $393,000. Main Street Financial Solutions LLC raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 6.9% during the second quarter. Main Street Financial Solutions LLC now owns 15,510 shares of the company’s stock worth $742,000 after purchasing an additional 1,001 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the second quarter worth $312,000. Raymond James Financial Inc. lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 11.3% during the second quarter. Raymond James Financial Inc. now owns 242,423 shares of the company’s stock valued at $11,595,000 after purchasing an additional 24,624 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 17.2% during the second quarter. Ameriprise Financial Inc. now owns 262,900 shares of the company’s stock valued at $12,577,000 after purchasing an additional 38,631 shares during the last quarter. Institutional investors own 99.65% of the company’s stock.

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.