SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM – Get Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $47.22 and last traded at $47.2150, with a volume of 295978 shares traded. The stock had previously closed at $47.29.
SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Up 0.1%
The stock has a 50-day simple moving average of $47.64 and a 200 day simple moving average of $47.82.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during the first quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock worth $1,020,064,000 after purchasing an additional 795,560 shares during the period. Waverly Advisors LLC boosted its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 555.6% in the first quarter. Waverly Advisors LLC now owns 178,906 shares of the company’s stock valued at $8,557,000 after purchasing an additional 151,617 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock valued at $82,843,000 after purchasing an additional 148,431 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 594.4% in the first quarter. NewEdge Advisors LLC now owns 139,246 shares of the company’s stock valued at $6,660,000 after purchasing an additional 119,194 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,950,388 shares of the company’s stock worth $141,589,000 after buying an additional 109,552 shares during the period. Hedge funds and other 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.
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