SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 70.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,801 shares of the company’s stock after selling 51,620 shares during the period. Sequoia Financial Advisors LLC’s holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF were worth $1,043,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Transcendent Capital Group LLC grew its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 2.2% during the second quarter. Transcendent Capital Group LLC now owns 13,069 shares of the company’s stock valued at $625,000 after acquiring an additional 285 shares during the period. Ackerman Capital Advisors LLC grew its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 57.5% during the second quarter. Ackerman Capital Advisors LLC now owns 33,973 shares of the company’s stock valued at $1,625,000 after acquiring an additional 12,406 shares during the period. Concurrent Investment Advisors LLC grew its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.9% during the second quarter. Concurrent Investment Advisors LLC now owns 18,108 shares of the company’s stock valued at $866,000 after acquiring an additional 1,009 shares during the period. Keener Financial Planning LLC grew its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 11.9% during the second quarter. Keener Financial Planning LLC now owns 3,367 shares of the company’s stock valued at $161,000 after acquiring an additional 357 shares during the period. Finally, KFA Private Wealth Group LLC purchased a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the second quarter valued at about $355,000. 99.65% of the stock is owned by institutional investors and hedge funds.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

SHM stock opened at $48.10 on Friday. The stock has a 50-day moving average price of $48.23 and a two-hundred day moving average price of $47.80. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 12-month low of $46.56 and a 12-month high of $48.51.

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.