Bank of America Corp DE Buys 795,560 Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Bank of America Corp DE lifted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,326,865 shares of the company’s stock after purchasing an additional 795,560 shares during the quarter. Bank of America Corp DE owned 29.85% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $1,020,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SHM. Brown Brothers Harriman & Co. raised its holdings in 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 last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter valued at approximately $56,000. Integrity Financial Corp WA purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter valued at approximately $74,000. SHP Wealth Management purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter valued at approximately $85,000. Finally, Blue Trust Inc. increased its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 117.4% during the first quarter. Blue Trust Inc. now owns 2,146 shares of the company’s stock valued at $103,000 after acquiring an additional 1,159 shares in the last quarter. Institutional investors own 99.65% of the company’s stock.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

Shares of NYSEARCA SHM opened at $47.61 on Friday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a twelve month low of $47.48 and a twelve month high of $48.51. The company has a 50 day moving average of $47.83 and a 200 day moving average of $47.98.

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.