SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Hits New 1-Year Low – Here’s Why

by · The Markets Daily

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company 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 Performance

The company has a 50-day moving average of $47.67 and a 200 day moving average of $47.83.

Institutional Investors Weigh In On SPDR Nuveen ICE Short Term Municipal Bond ETF

Large investors have recently modified their holdings of the business. Kestra Private Wealth Services LLC boosted its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 82.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 50,058 shares of the company’s stock valued at $2,394,000 after purchasing an additional 22,564 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 146,766 shares of the company’s stock valued at $7,043,000 after buying an additional 19,754 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,583,602 shares of the company’s stock worth $75,997,000 after buying an additional 18,733 shares during the last quarter. Alaska Wealth Advisors LLC increased its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.1% during the 1st quarter. Alaska Wealth Advisors LLC now owns 467,214 shares of the company’s stock worth $22,347,000 after buying an additional 61,317 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 40.2% during the 1st quarter. Kestra Advisory Services LLC now owns 57,581 shares of the company’s stock valued at $2,754,000 after buying an additional 16,506 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

(Get Free Report)

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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