SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM Shares Sold by Paulson Wealth Management Inc.

Paulson Wealth Management Inc. lessened its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 24.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,212 shares of the company’s stock after selling 21,967 shares during the period. SPDR Nuveen ICE Short Term Municipal Bond ETF accounts for approximately 0.7% of Paulson Wealth Management Inc.’s investment portfolio, making the stock its 21st largest holding. Paulson Wealth Management Inc. owned about 0.09% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $3,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SHM. Bank of America Corp DE increased its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during 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 acquiring an additional 795,560 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 26.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,389,309 shares of the company’s stock worth $114,603,000 after acquiring an additional 494,596 shares during the period. PNC Financial Services Group Inc. grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock worth $82,843,000 after acquiring an additional 148,431 shares during the period. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the third quarter valued at approximately $38,540,000. Finally, Commonwealth Equity Services LLC purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the third quarter valued at approximately $29,956,000. 99.65% of the stock is currently owned by institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of NYSEARCA:SHM opened at $47.55 on Friday. 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 has a 50 day moving average of $47.14 and a two-hundred day moving average of $47.74.

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.