SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sets New 12-Month High – Should You Buy?

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.28 and last traded at $47.8950, with a volume of 231 shares trading hands. The stock had previously closed at $47.95.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

The company’s 50 day moving average is $48.02 and its 200-day moving average is $47.97.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Large investors have recently made changes to their positions in the company. Choreo LLC boosted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 0.7% in the second quarter. Choreo LLC now owns 30,690 shares of the company’s stock worth $1,468,000 after purchasing an additional 209 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 19,561 shares of the company’s stock valued at $936,000 after purchasing an additional 252 shares during the last quarter. Wealthcare Capital Management LLC raised its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 0.8% during the 2nd quarter. Wealthcare Capital Management LLC now owns 32,857 shares of the company’s stock worth $1,572,000 after purchasing an additional 252 shares during the period. Opal Wealth Advisors LLC boosted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 0.9% in the 3rd quarter. Opal Wealth Advisors LLC now owns 29,205 shares of the company’s stock worth $1,408,000 after buying an additional 252 shares during the last quarter. Finally, Advisor OS LLC grew its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.6% during the third quarter. Advisor OS LLC now owns 7,172 shares of the company’s stock valued at $346,000 after buying an additional 252 shares during the period. 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.