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

NewEdge Advisors LLC raised its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 591.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,578 shares of the company’s stock after purchasing an additional 118,526 shares during the period. NewEdge Advisors LLC owned 0.19% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $6,628,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SHM. Quent Long Short Global Small Cap Fund LP purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the fourth quarter worth about $85,861,000. Bank of America Corp DE grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during the 1st quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock valued at $1,020,064,000 after buying an additional 795,560 shares in the last quarter. UMB Bank n.a. purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter valued at approximately $25,382,000. Waverly Advisors LLC increased its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 555.6% in the 1st quarter. Waverly Advisors LLC now owns 178,906 shares of the company’s stock worth $8,557,000 after acquiring an additional 151,617 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% in 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. Hedge funds and other institutional investors own 99.65% of the company’s stock.

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

Shares of SHM opened at $47.61 on Friday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 1 year low of $47.48 and a 1 year high of $48.51. The business’s 50 day simple moving average is $47.83 and its 200-day simple moving average is $47.99.

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.