Confluence Investment Management LLC Trims Stock Holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Confluence Investment Management LLC decreased its position in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 68.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,435 shares of the company’s stock after selling 41,857 shares during the quarter. Confluence Investment Management LLC’s holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF were worth $932,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SHM. First Trust Advisors LP purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the second quarter valued at $393,000. Main Street Financial Solutions LLC grew its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 6.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 15,510 shares of the company’s stock worth $742,000 after buying an additional 1,001 shares during the period. Quantinno Capital Management LP purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 2nd quarter worth about $312,000. Raymond James Financial Inc. increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 11.3% in the 2nd quarter. Raymond James Financial Inc. now owns 242,423 shares of the company’s stock worth $11,595,000 after acquiring an additional 24,624 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 17.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 262,900 shares of the company’s stock worth $12,577,000 after acquiring an additional 38,631 shares in the last quarter. Institutional investors own 99.65% of the company’s stock.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of NYSEARCA SHM opened at $47.63 on Wednesday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 1 year low of $47.48 and a 1 year high of $48.51. The firm has a 50-day moving average of $47.82 and a 200 day moving average of $47.97.

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.