SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Large Volume Increase – Here’s What Happened

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) shares saw strong trading volume on Wednesday . 881,578 shares were traded during mid-day trading, an increase of 181% from the previous session’s volume of 313,656 shares.The stock last traded at $47.68 and had previously closed at $47.65.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Up 0.1%

The stock has a fifty day moving average of $47.90 and a 200-day moving average of $48.04.

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

A number of hedge funds have recently modified their holdings of SHM. Cornerstone Planning Group LLC acquired a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 3rd quarter worth $28,000. Brown Brothers Harriman & Co. boosted its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 136.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 591 shares of the company’s stock worth $28,000 after buying an additional 341 shares during the period. Ameriflex Group Inc. grew its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 65.2% during the third quarter. Ameriflex Group Inc. now owns 884 shares of the company’s stock valued at $43,000 after buying an additional 349 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter valued at $56,000. Finally, Integrity Financial Corp WA acquired a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter valued at $74,000. 99.65% of the stock is currently owned by institutional investors and hedge funds.

About SPDR Nuveen ICE 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. 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.