SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sets New 1-Year Low – Time to Sell?

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) reached a new 52-week low on Monday. The stock traded as low as $46.54 and last traded at $46.5150, with a volume of 14374 shares trading hands. The stock had previously closed at $46.67.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Down 0.3%

The stock has a fifty day moving average price of $47.52 and a 200-day moving average price of $47.75.

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

Several institutional investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. grew its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 122.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 27,104 shares of the company’s stock worth $1,300,000 after buying an additional 14,934 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 26.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,389,309 shares of the company’s stock valued at $114,603,000 after acquiring an additional 494,596 shares during the period. Capital Analysts LLC lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 8.1% during the 2nd quarter. Capital Analysts LLC now owns 12,816 shares of the company’s stock valued at $614,000 after acquiring an additional 965 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 29.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 38,078 shares of the company’s stock valued at $1,826,000 after acquiring an additional 8,718 shares in the last quarter. Finally, Waverly Advisors LLC lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 10.3% during the 2nd quarter. Waverly Advisors LLC now owns 197,418 shares of the company’s stock valued at $9,469,000 after acquiring an additional 18,512 shares in 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.