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

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) saw an uptick in trading volume on Wednesday . 1,049,117 shares were traded during trading, an increase of 274% from the previous session’s volume of 280,394 shares.The stock last traded at $47.82 and had previously closed at $47.87.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

The firm’s 50-day moving average is $47.84 and its two-hundred day moving average is $48.01.

Institutional Investors Weigh In On SPDR Nuveen ICE Short Term Municipal Bond ETF

Large investors have recently bought and sold shares of the company. Quent Long Short Global Small Cap Fund LP purchased a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the fourth quarter valued at approximately $85,861,000. Bank of America Corp DE boosted its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% in the first quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock worth $1,020,064,000 after acquiring an additional 795,560 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter worth approximately $25,382,000. Waverly Advisors LLC raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 555.6% in the 1st quarter. Waverly Advisors LLC now owns 178,906 shares of the company’s stock valued at $8,557,000 after purchasing an additional 151,617 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake 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 valued at $82,843,000 after purchasing an additional 148,431 shares during the last quarter. 99.65% of the stock is currently owned by hedge funds and other 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.