SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) saw an uptick in trading volume on Wednesday . 881,578 shares were traded during trading, an increase of 181% from the previous session’s volume of 313,656 shares.The stock last traded at $47.68 and had previously closed at $47.65.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

The company’s 50-day moving average price is $47.89 and its two-hundred day moving average price is $48.03.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Alaska Wealth Advisors increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 41.6% during the third quarter. Alaska Wealth Advisors now owns 376,498 shares of the company’s stock worth $18,155,000 after purchasing an additional 110,620 shares during the period. Savant Capital LLC acquired a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 3rd quarter valued at $608,000. Eagle Global Advisors LLC grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 28.9% in the 4th quarter. Eagle Global Advisors LLC now owns 53,683 shares of the company’s stock valued at $2,576,000 after buying an additional 12,050 shares in the last quarter. BCS Wealth Management lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 125.7% during the fourth quarter. BCS Wealth Management now owns 28,122 shares of the company’s stock worth $1,350,000 after buying an additional 15,661 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 4.9% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,716,083 shares of the company’s stock worth $82,355,000 after buying an additional 80,868 shares in the last quarter. 99.65% of the stock is owned by institutional investors.

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.