Parcion Private Wealth LLC Purchases New Position in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Parcion Private Wealth LLC purchased a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 14,019 shares of the company’s stock, valued at approximately $673,000.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 8.9% in the third quarter. Bank of America Corp DE now owns 19,979,704 shares of the company’s stock valued at $963,421,000 after purchasing an additional 1,634,763 shares during the last quarter. Quent Capital LLC increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 16.0% during the third quarter. Quent Capital LLC now owns 1,644,782 shares of the company’s stock worth $79,311,000 after purchasing an additional 226,320 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,840,836 shares of the company’s stock worth $136,985,000 after purchasing an additional 144,526 shares during the last quarter. Alaska Wealth Advisors lifted its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 41.6% during the 3rd quarter. Alaska Wealth Advisors now owns 376,498 shares of the company’s stock worth $18,155,000 after purchasing an additional 110,620 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.8% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,635,215 shares of the company’s stock valued at $78,850,000 after purchasing an additional 90,144 shares during the period. 99.65% of the stock is currently owned by institutional investors and hedge funds.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

SHM opened at $47.94 on Friday. The business has a fifty day simple moving average of $48.12 and a 200 day simple moving average of $48.08. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 1 year low of $46.96 and a 1 year high of $48.51.

SPDR Nuveen ICE Short Term Municipal Bond ETF 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.