Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM – Get Free Report) saw an uptick in trading volume on Wednesday. Approximately 360,894 shares changed hands during trading, an increase of 9% from the previous session’s volume of 330,592 shares. The stock last traded at $47.1550 and had previously closed at $47.03.
SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance
The firm’s 50-day simple moving average is $47.22 and its 200 day simple moving average is $47.61.
Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SHM. SHP Wealth Management bought a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter worth about $85,000. Blue Trust Inc. boosted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 117.4% during the first quarter. Blue Trust Inc. now owns 2,146 shares of the company’s stock valued at $103,000 after purchasing an additional 1,159 shares during the last quarter. Western Wealth Management LLC bought a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the first quarter valued at approximately $108,000. Frazier Financial Advisors LLC bought a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the first quarter valued at approximately $117,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the third quarter valued at approximately $133,000. Institutional investors and hedge funds 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.
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