SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Hits New 12-Month Low – Here’s What Happened

Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) reached a new 52-week low during mid-day trading on Tuesday . The stock 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 Down 0.2%

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

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Kingdom Financial Group LLC. acquired a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the fourth quarter valued at about $56,000. Integrity Financial Corp WA purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter worth about $74,000. SHP Wealth Management acquired a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter valued at about $85,000. Blue Trust Inc. increased its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 117.4% during the first quarter. Blue Trust Inc. now owns 2,146 shares of the company’s stock valued at $103,000 after acquiring an additional 1,159 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 1st quarter valued at approximately $108,000. 99.65% of the stock is owned by institutional investors and hedge funds.

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.