NewEdge Advisors LLC Increases Holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

NewEdge Advisors LLC lifted its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 591.1% in the first quarter, Holdings Channel reports. The fund owned 138,578 shares of the company’s stock after purchasing an additional 118,526 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF were worth $6,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHM. Bank of America Corp DE increased its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during 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 acquiring an additional 795,560 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 1st quarter valued at approximately $504,000. Royal Bank of Canada lifted its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.9% in the 1st quarter. Royal Bank of Canada now owns 117,076 shares of the company’s stock valued at $5,600,000 after purchasing an additional 6,563 shares during the last quarter. Evelyn Partners Asset Management Ltd bought a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 1st quarter valued at approximately $482,000. Finally, Gateway Wealth Partners LLC boosted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 121.0% in the 1st quarter. Gateway Wealth Partners LLC now owns 18,216 shares of the company’s stock worth $871,000 after purchasing an additional 9,973 shares during the period. Hedge funds and other institutional investors own 99.65% of the company’s stock.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

NYSEARCA SHM opened at $47.61 on Friday. The business’s 50 day moving average price is $47.83 and its 200-day moving average price is $47.99. SPDR Nuveen ICE Short Term Municipal Bond ETF has a fifty-two week low of $47.48 and a fifty-two week high of $48.51.

About SPDR Nuveen ICE Short Term Municipal Bond ETF

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.