Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM – Get Free Report) saw strong trading volume on Thursday. 482,320 shares traded hands during trading, an increase of 62% from the previous session’s volume of 298,188 shares. The stock last traded at $46.6350 and had previously closed at $46.65.
SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance
The stock’s 50 day moving average price is $47.45 and its 200 day moving average price is $47.72.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% in the first quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock valued at $1,020,064,000 after purchasing an additional 795,560 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 26.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,389,309 shares of the company’s stock worth $114,603,000 after purchasing an additional 494,596 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock worth $82,843,000 after purchasing an additional 148,431 shares in the last quarter. Alaska Wealth Advisors LLC boosted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.1% in the 1st quarter. Alaska Wealth Advisors LLC now owns 467,214 shares of the company’s stock valued at $22,347,000 after buying an additional 61,317 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.3% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 417,161 shares of the company’s stock valued at $20,020,000 after buying an additional 5,434 shares during the last quarter. 99.65% of the stock is owned by institutional investors and hedge funds.
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.
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