SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Reaches New 52-Week Low – Should You Sell?

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $47.47 and last traded at $47.49, with a volume of 4516 shares changing hands. The stock had previously closed at $47.53.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

The company has a 50-day simple moving average of $47.69 and a 200 day simple moving average of $47.85.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during the 1st quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock worth $1,020,064,000 after acquiring an additional 795,560 shares in the last quarter. UMB Bank n.a. acquired a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter worth $25,382,000. Waverly Advisors LLC increased its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 555.6% in the first quarter. Waverly Advisors LLC now owns 178,906 shares of the company’s stock valued at $8,557,000 after purchasing an additional 151,617 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock valued at $82,843,000 after acquiring an additional 148,431 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,840,836 shares of the company’s stock worth $136,985,000 after buying an additional 144,526 shares during the last quarter. 99.65% of the stock is owned by hedge funds and other institutional investors.

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.