SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Stock Crosses Below 50-Day Moving Average – Here’s Why

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $47.84 and traded as low as $47.78. SPDR Nuveen ICE Short Term Municipal Bond ETF shares last traded at $47.83, with a volume of 156,393 shares changing hands.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Down 0.1%

The company’s 50-day moving average price is $47.84 and its two-hundred day moving average price is $48.02.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in SHM. Quent Long Short Global Small Cap Fund LP purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter valued at $85,861,000. Bank of America Corp DE raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 8.9% during the 3rd quarter. Bank of America Corp DE now owns 19,979,704 shares of the company’s stock valued at $963,421,000 after buying an additional 1,634,763 shares in the last quarter. UMB Bank n.a. purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter valued at $25,382,000. Waverly Advisors LLC raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 555.6% during the 1st quarter. Waverly Advisors LLC now owns 178,906 shares of the company’s stock valued at $8,557,000 after buying an additional 151,617 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock valued at $82,843,000 after buying an additional 148,431 shares in the last quarter. Hedge funds and other institutional investors own 99.65% of the company’s stock.

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.