QP Wealth Management LLC Acquires Shares of 17,306 SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

QP Wealth Management LLC bought a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 17,306 shares of the company’s stock, valued at approximately $831,000.

Several other large investors have also recently modified their holdings of SHM. Bank of America Corp DE raised its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 8.9% during the 3rd quarter. Bank of America Corp DE now owns 19,979,704 shares of the company’s stock valued at $963,421,000 after buying an additional 1,634,763 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,840,836 shares of the company’s stock worth $136,985,000 after buying an additional 144,526 shares during the last quarter. Quent Capital LLC boosted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 16.0% during the third quarter. Quent Capital LLC now owns 1,644,782 shares of the company’s stock worth $79,311,000 after buying an additional 226,320 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.8% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,635,215 shares of the company’s stock worth $78,850,000 after buying an additional 90,144 shares during the period. Finally, Karpus Management Inc. increased its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 27.4% during the second quarter. Karpus Management Inc. now owns 918,500 shares of the company’s stock valued at $43,932,000 after acquiring an additional 197,281 shares during the last quarter. Institutional investors own 99.65% of the company’s stock.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of SHM opened at $47.90 on Friday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a twelve month low of $46.56 and a twelve month high of $48.51. The company’s fifty day simple moving average is $48.26 and its 200-day simple moving average is $48.14.

SPDR Nuveen ICE Short Term Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1121 per share. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR Nuveen ICE Short Term Municipal Bond ETF’s previous monthly dividend of $0.10.

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.