NewEdge Advisors LLC Purchases 119,194 Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

NewEdge Advisors LLC raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 594.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,246 shares of the company’s stock after purchasing an additional 119,194 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF were worth $6,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHM. Boston Standard Wealth Management LLC increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 0.5% in the 1st quarter. Boston Standard Wealth Management LLC now owns 42,445 shares of the company’s stock valued at $2,028,000 after purchasing an additional 229 shares during the last quarter. Prairiewood Capital LLC boosted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.3% in the first quarter. Prairiewood Capital LLC now owns 18,457 shares of the company’s stock valued at $883,000 after buying an additional 230 shares in the last quarter. APS Management Group Inc. boosted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 2.8% in the fourth quarter. APS Management Group Inc. now owns 9,440 shares of the company’s stock valued at $453,000 after buying an additional 258 shares in the last quarter. Mutual Advisors LLC grew its position in 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 acquiring an additional 283 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.0% during the first quarter. Hurlow Wealth Management Group Inc. now owns 31,119 shares of the company’s stock worth $1,488,000 after acquiring an additional 299 shares in the last quarter. 99.65% of the stock is currently owned by institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

SHM stock opened at $47.68 on Tuesday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 12 month low of $47.48 and a 12 month high of $48.51. The firm has a 50-day moving average price of $47.81 and a 200-day moving average price of $47.96.

SPDR Nuveen ICE Short Term Municipal Bond ETF Company 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.