Goldman Sachs Group Inc. Reduces Stock Position in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Goldman Sachs Group Inc. reduced its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 14.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,372,034 shares of the company’s stock after selling 720,733 shares during the quarter. Goldman Sachs Group Inc. owned 0.06% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $209,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SHM. Quent Long Short Global Small Cap Fund LP purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter valued at approximately $85,861,000. Bank of America Corp DE lifted its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 8.9% during the 3rd quarter. Bank of America Corp DE now owns 19,979,704 shares of the company’s stock valued at $963,421,000 after buying an additional 1,634,763 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 valued at $136,985,000 after buying an additional 144,526 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 4.9% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,716,083 shares of the company’s stock valued at $82,355,000 after buying an additional 80,868 shares in the last quarter. Finally, Paulson Wealth Management Inc. lifted its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 144.5% during the 4th quarter. Paulson Wealth Management Inc. now owns 106,176 shares of the company’s stock valued at $5,095,000 after buying an additional 62,750 shares in the last quarter. 99.65% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

Shares of SHM stock opened at $47.83 on Friday. The firm’s 50 day moving average is $47.84 and its 200 day moving average is $48.02. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 12 month low of $47.51 and a 12 month high of $48.51.

SPDR Nuveen ICE Short Term Municipal Bond ETF Company 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.