SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Reaches New 52-Week Low – Here’s Why

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) shares hit a new 52-week low on Monday . The stock traded as low as $47.08 and last traded at $47.18, with a volume of 461648 shares trading hands. The stock had previously closed at $47.13.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

The company’s 50 day moving average price is $47.62 and its 200 day moving average price is $47.80.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during the first quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock valued at $1,020,064,000 after purchasing an additional 795,560 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,950,388 shares of the company’s stock valued at $141,589,000 after buying an additional 109,552 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings 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 period. Alaska Wealth Advisors LLC raised its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.1% in the 1st quarter. Alaska Wealth Advisors LLC now owns 467,214 shares of the company’s stock worth $22,347,000 after acquiring an additional 61,317 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.3% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 417,161 shares of the company’s stock worth $20,020,000 after acquiring an additional 5,434 shares during the last quarter. 99.65% of the stock is owned by institutional investors.

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.