Modera Wealth Management LLC bought a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 42,859 shares of the company’s stock, valued at approximately $1,999,000. Modera Wealth Management LLC owned 0.06% of SPDR Nuveen ICE Short Term Municipal Bond ETF as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. D.A. Davidson & CO. purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 3rd quarter valued at approximately $448,000. Evensky & Katz LLC acquired a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the third quarter worth $410,000. William Mack & Associates Inc. acquired a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the third quarter worth $54,000. Latitude Advisors LLC purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the third quarter worth $70,000. Finally, Balance Wealth Partners LLC purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the third quarter worth $143,000. 99.65% of the stock is currently owned by institutional investors and hedge funds.
SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance
Shares of NYSEARCA SHM opened at $47.54 on Monday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 12-month low of $46.33 and a 12-month high of $48.48. The business’s fifty day simple moving average is $47.17 and its 200-day simple moving average is $47.76.
SPDR Nuveen ICE Short Term Municipal Bond ETF 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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