SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) Hits New 52-Week Low – Here’s What Happened

SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $46.56 and last traded at $46.67, with a volume of 13198 shares trading hands. The stock had previously closed at $47.05.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Price Performance

The company’s fifty day simple moving average is $47.63 and its 200 day simple moving average is $47.67.

Hedge Funds Weigh In On SPDR Nuveen Barclays Short Term Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. increased its stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 55.7% during the 4th quarter. First Horizon Advisors Inc. now owns 10,261 shares of the company’s stock worth $486,000 after acquiring an additional 3,669 shares during the period. Jones Financial Companies Lllp increased its position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 52.0% in the fourth quarter. Jones Financial Companies Lllp now owns 8,141 shares of the company’s stock worth $386,000 after purchasing an additional 2,785 shares during the period. Versant Capital Management Inc raised its stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 21.6% in the fourth quarter. Versant Capital Management Inc now owns 25,543 shares of the company’s stock valued at $1,210,000 after purchasing an additional 4,539 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 7,468.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 2,422 shares of the company’s stock valued at $115,000 after purchasing an additional 2,390 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 194.1% during the fourth quarter. Parallel Advisors LLC now owns 19,973 shares of the company’s stock worth $947,000 after purchasing an additional 13,182 shares during the period. 99.65% of the stock is currently owned by institutional investors and hedge funds.

SPDR Nuveen Barclays 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.