SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sets New 1-Year Low – Here’s What Happened

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) shares hit a new 52-week low on Thursday . The stock traded as low as $47.55 and last traded at $47.56, with a volume of 35157 shares. The stock had previously closed at $47.70.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Down 0.4%

The stock’s fifty day simple moving average is $47.84 and its 200-day simple moving average is $48.01.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Several hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 136.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 591 shares of the company’s stock worth $28,000 after purchasing an additional 341 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 4th quarter valued at about $56,000. Integrity Financial Corp WA purchased a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 4th quarter valued at about $74,000. SHP Wealth Management purchased a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 4th quarter valued at about $85,000. Finally, Blue Trust Inc. grew 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 worth $103,000 after buying an additional 1,159 shares in the last quarter. 99.65% of the stock is currently 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.