Cetera Investment Advisers Has $8.21 Million Position in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Cetera Investment Advisers lessened its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 48.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 171,737 shares of the company’s stock after selling 162,003 shares during the period. Cetera Investment Advisers’ holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF were worth $8,214,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SHM. Brown Brothers Harriman & Co. increased its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 136.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 591 shares of the company’s stock valued at $28,000 after acquiring an additional 341 shares during the period. Kingdom Financial Group LLC. bought a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 4th quarter worth approximately $56,000. Integrity Financial Corp WA bought a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 4th quarter worth approximately $74,000. SHP Wealth Management acquired a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter worth approximately $85,000. Finally, Blue Trust Inc. grew its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 117.4% during the 1st quarter. Blue Trust Inc. now owns 2,146 shares of the company’s stock worth $103,000 after purchasing an additional 1,159 shares in the last quarter. 99.65% of the stock is owned by institutional investors and hedge funds.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

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 stock’s 50 day simple moving average is $47.83 and its 200-day simple moving average is $47.98.

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.