SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Strong Trading Volume – Here’s What Happened

SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) saw unusually-strong trading volume on Thursday . Approximately 1,093,986 shares were traded during trading, an increase of 209% from the previous session’s volume of 354,017 shares.The stock last traded at $47.67 and had previously closed at $47.68.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Price Performance

The stock has a 50-day simple moving average of $47.65 and a two-hundred day simple moving average of $47.74.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SHM. Ameriflex Group Inc. purchased a new stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF during the 4th quarter worth about $27,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF during the fourth quarter worth $2,249,000. Keystone Financial Group acquired a new position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF during the fourth quarter worth about $6,806,000. Hurlow Wealth Management Group Inc. increased its position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 11.5% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 35,608 shares of the company’s stock worth $1,687,000 after acquiring an additional 3,666 shares during the last quarter. Finally, Summit Financial LLC acquired a new position in SPDR Nuveen Barclays Short Term Municipal Bond ETF in the fourth quarter valued at approximately $539,000. 99.65% of the stock is currently owned by hedge funds and other institutional investors.

About SPDR Nuveen Barclays 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.