Mather Group LLC. Buys 14,830 Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Mather Group LLC. purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) in the third quarter, Holdings Channel reports. The institutional investor purchased 14,830 shares of the company’s stock, valued at approximately $692,000.

Several other hedge funds also recently made changes to their positions in SHM. Bank of America Corp DE grew its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% in 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 purchasing an additional 795,560 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 26.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,389,309 shares of the company’s stock worth $114,603,000 after purchasing an additional 494,596 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock worth $82,843,000 after purchasing an additional 148,431 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 3rd quarter worth about $38,540,000. Finally, Alaska Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 61,317 shares in the last quarter. 99.65% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

Shares of NYSEARCA SHM opened at $47.02 on Friday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 52 week low of $46.33 and a 52 week high of $48.48. The business has a 50-day simple moving average of $47.25 and a two-hundred day simple moving average of $47.62.

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.