48,562 Shares in SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) Acquired by Summit Financial LLC

Summit Financial LLC purchased a new stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 48,562 shares of the company’s stock, valued at approximately $2,321,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Essex Financial Services Inc. boosted its position in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 5.8% in the 4th quarter. Essex Financial Services Inc. now owns 5,872 shares of the company’s stock valued at $281,000 after buying an additional 320 shares during the period. GAMMA Investing LLC purchased a new position in SPDR Nuveen Barclays Short Term Municipal Bond ETF in the 4th quarter valued at approximately $575,000. Hunter Associates Investment Management LLC lifted its position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 2.2% during the 4th quarter. Hunter Associates Investment Management LLC now owns 123,607 shares of the company’s stock worth $5,911,000 after purchasing an additional 2,700 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 115.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 89,782 shares of the company’s stock worth $4,291,000 after purchasing an additional 48,021 shares during the last quarter. Finally, Morton Brown Family Wealth LLC lifted its position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 42.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 766 shares of the company’s stock worth $37,000 after purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 99.65% of the company’s stock.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Price Performance

NYSEARCA:SHM traded down $0.01 during midday trading on Thursday, hitting $47.09. 5,755 shares of the company were exchanged, compared to its average volume of 341,170. The company has a fifty day simple moving average of $47.41 and a 200 day simple moving average of $47.33. SPDR Nuveen Barclays Short Term Municipal Bond ETF has a fifty-two week low of $46.06 and a fifty-two week high of $47.90.

SPDR Nuveen Barclays Short Term Municipal Bond ETF 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.