SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $47.77 and traded as low as $47.76. SPDR Nuveen ICE Short Term Municipal Bond ETF shares last traded at $47.77, with a volume of 198,994 shares trading hands.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Down 0.0%

The firm has a fifty day moving average price of $47.77 and a 200 day moving average price of $47.91.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Anson Capital Inc. raised its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 18.8% in the second quarter. Anson Capital Inc. now owns 15,267 shares of the company’s stock valued at $732,000 after purchasing an additional 2,420 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 2,777.5% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 10,848 shares of the company’s stock worth $520,000 after buying an additional 10,471 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 266.2% in the second quarter. Concurrent Investment Advisors LLC now owns 124,171 shares of the company’s stock valued at $5,956,000 after acquiring an additional 90,264 shares during the last quarter. Canvas Wealth Advisors LLC increased its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 12.7% in the second quarter. Canvas Wealth Advisors LLC now owns 15,224 shares of the company’s stock worth $730,000 after purchasing an additional 1,717 shares during the period. Finally, Sax Wealth Advisors LLC acquired a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 99.65% of the company’s stock.

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.