SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $47.84 and traded as low as $47.78. SPDR Nuveen ICE Short Term Municipal Bond ETF shares last traded at $47.83, with a volume of 156,393 shares trading hands.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

The firm’s 50 day moving average is $47.84 and its 200 day moving average is $48.02.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 594.4% in the 1st quarter. NewEdge Advisors LLC now owns 139,246 shares of the company’s stock worth $6,660,000 after buying an additional 119,194 shares in the last quarter. Krane Financial Solutions LLC purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 1st quarter worth approximately $250,000. Western Wealth Management LLC purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 1st quarter worth approximately $108,000. Bank of America Corp DE grew its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% in the 1st quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock worth $1,020,064,000 after buying an additional 795,560 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 1st quarter worth approximately $504,000. Hedge funds and other institutional investors own 99.65% of the company’s stock.

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.