Northwestern Mutual Wealth Management Co. Has $2.66 Million Stock Holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Northwestern Mutual Wealth Management Co. trimmed its position in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 98.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 55,372 shares of the company’s stock after selling 2,785,464 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF were worth $2,657,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SHM. Cornerstone Planning Group LLC acquired a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 3rd quarter valued at approximately $28,000. Ameriflex Group Inc. raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 65.2% in the 3rd quarter. Ameriflex Group Inc. now owns 884 shares of the company’s stock valued at $43,000 after acquiring an additional 349 shares during the period. IFP Advisors Inc raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 37.1% in the 3rd quarter. IFP Advisors Inc now owns 3,497 shares of the company’s stock valued at $169,000 after acquiring an additional 947 shares during the period. VCI Wealth Management LLC acquired a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 4th quarter valued at approximately $202,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 4th quarter valued at approximately $207,000. 99.65% of the stock is currently owned by institutional investors and hedge funds.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

Shares of NYSEARCA:SHM opened at $47.72 on Tuesday. The firm’s 50 day simple moving average is $47.87 and its 200 day simple moving average is $48.03. SPDR Nuveen ICE Short Term Municipal Bond ETF has a fifty-two week low of $47.42 and a fifty-two week high of $48.51.

SPDR Nuveen ICE Short Term Municipal Bond ETF 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.