SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) saw unusually-high trading volume on Friday . Approximately 1,330,399 shares traded hands during trading, an increase of 196% from the previous session’s volume of 450,205 shares.The stock last traded at $46.92 and had previously closed at $47.11.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Stock Performance

The company has a 50 day simple moving average of $47.63 and a 200 day simple moving average of $47.67.

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

Several institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. raised its stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 55.7% in the 4th quarter. First Horizon Advisors Inc. now owns 10,261 shares of the company’s stock valued at $486,000 after acquiring an additional 3,669 shares during the period. Jones Financial Companies Lllp increased its holdings in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 52.0% in the 4th quarter. Jones Financial Companies Lllp now owns 8,141 shares of the company’s stock valued at $386,000 after purchasing an additional 2,785 shares in the last quarter. Versant Capital Management Inc grew its position 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 acquiring an additional 4,539 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 7,468.8% during 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 during the period. Finally, Parallel Advisors LLC lifted its position in shares of 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 in the last quarter. 99.65% of the stock is currently owned by hedge funds and other institutional investors.

About SPDR Nuveen Barclays 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.