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

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM – Get Free Report) shares saw unusually-strong trading volume on Wednesday. 360,894 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 330,592 shares. The stock last traded at $47.1550 and had previously closed at $47.03.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Up 0.2%

The firm has a fifty day moving average price of $47.22 and a 200 day moving average price of $47.61.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHM. SHP Wealth Management acquired a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF in the fourth quarter valued at $85,000. Blue Trust Inc. lifted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 117.4% in 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 during the last quarter. Western Wealth Management LLC bought a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 1st quarter valued at about $108,000. Frazier Financial Advisors LLC bought a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 1st quarter valued at about $117,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 3rd quarter valued at about $133,000. 99.65% of the stock is owned by institutional investors.

About SPDR Nuveen ICE Short Term Municipal Bond ETF

(Get Free Report)

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.

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