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

Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) saw unusually-high trading volume on Thursday. 482,320 shares were traded during trading, an increase of 62% from the previous session’s volume of 298,188 shares. The stock last traded at $46.6350 and had previously closed at $46.65.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

The business’s 50 day simple moving average is $47.45 and its 200 day simple moving average is $47.72.

Institutional Investors Weigh In On SPDR Nuveen ICE Short Term Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Private Wealth Services LLC grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 82.1% during the first quarter. Kestra Private Wealth Services LLC now owns 50,058 shares of the company’s stock worth $2,394,000 after purchasing an additional 22,564 shares during the period. Kestra Advisory Services LLC raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 40.2% in the first quarter. Kestra Advisory Services LLC now owns 57,581 shares of the company’s stock valued at $2,754,000 after buying an additional 16,506 shares during the period. Alaska Wealth Advisors LLC raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.1% in the first quarter. Alaska Wealth Advisors LLC now owns 467,214 shares of the company’s stock valued at $22,347,000 after buying an additional 61,317 shares during the period. Janney Montgomery Scott LLC raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 568.2% in the first quarter. Janney Montgomery Scott LLC now owns 70,349 shares of the company’s stock valued at $3,365,000 after buying an additional 59,821 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock valued at $82,843,000 after buying an additional 148,431 shares during the last quarter. 99.65% of the stock is owned by institutional investors.

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.