Gerber Kawasaki Wealth & Investment Management Boosts Holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Gerber Kawasaki Wealth & Investment Management grew its position in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 3.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 411,727 shares of the company’s stock after purchasing an additional 14,688 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF were worth $19,853,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Quent Capital LLC boosted its position in shares of 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 valued at $79,311,000 after buying an additional 226,320 shares during the period. Karpus Management Inc. grew its stake in shares of 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 buying an additional 197,281 shares during the last quarter. Alaska Wealth Advisors raised its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 41.6% in the third quarter. Alaska Wealth Advisors now owns 376,498 shares of the company’s stock worth $18,155,000 after buying an additional 110,620 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.8% in 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, Northwestern Mutual Wealth Management Co. lifted its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,696,310 shares of the company’s stock worth $128,965,000 after acquiring an additional 83,304 shares during the last quarter. 99.65% of the stock is owned by hedge funds and other institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of SHM opened at $48.20 on Monday. The firm has a fifty day moving average price of $48.24 and a 200-day moving average price of $48.15. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 12-month low of $46.56 and a 12-month high of $48.51.

SPDR Nuveen ICE Short Term Municipal Bond ETF Increases Dividend

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

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.