SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Unusually-High Trading Volume – Here’s Why

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) saw unusually-high trading volume on Tuesday. 473,097 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 341,574 shares. The stock last traded at $47.3750 and had previously closed at $47.44.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Down 0.1%

The firm’s fifty day simple moving average is $47.16 and its 200-day simple moving average is $47.75.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Krane Financial Solutions LLC lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 4.3% in the 3rd quarter. Krane Financial Solutions LLC now owns 6,562 shares of the company’s stock valued at $306,000 after acquiring an additional 273 shares in the last quarter. Legacy Solutions LLC boosted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.9% during the 2nd quarter. Legacy Solutions LLC now owns 15,334 shares of the company’s stock valued at $736,000 after purchasing an additional 280 shares during the last quarter. L.K. Benson & Company P.C. increased its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 2.7% in the 3rd quarter. L.K. Benson & Company P.C. now owns 16,209 shares of the company’s stock worth $756,000 after purchasing an additional 422 shares in the last quarter. Aviance Capital Partners LLC increased its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.6% in the 1st quarter. Aviance Capital Partners LLC now owns 29,068 shares of the company’s stock worth $1,390,000 after purchasing an additional 456 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 12.4% in the third quarter. Pinnacle Bancorp Inc. now owns 5,078 shares of the company’s stock worth $237,000 after purchasing an additional 562 shares during the last quarter. 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.