SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sets New 1-Year Low – Should You Sell?

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) reached a new 52-week low on Monday . The stock traded as low as $47.08 and last traded at $47.18, with a volume of 461648 shares. The stock had previously closed at $47.13.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Up 0.1%

The stock has a fifty day simple moving average of $47.62 and a 200-day simple moving average of $47.80.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% in the first quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock worth $1,020,064,000 after purchasing an additional 795,560 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 555.6% during the first quarter. Waverly Advisors LLC now owns 178,906 shares of the company’s stock worth $8,557,000 after purchasing an additional 151,617 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock worth $82,843,000 after acquiring an additional 148,431 shares during the last quarter. NewEdge Advisors LLC raised its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 594.4% in the 1st quarter. NewEdge Advisors LLC now owns 139,246 shares of the company’s stock worth $6,660,000 after purchasing an additional 119,194 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,950,388 shares of the company’s stock worth $141,589,000 after buying an additional 109,552 shares during the period. 99.65% of the stock is currently owned by 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.