Sequoia Financial Advisors LLC Has $502,000 Stock Holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Sequoia Financial Advisors LLC lowered its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 52.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,411 shares of the company’s stock after selling 11,390 shares during the period. Sequoia Financial Advisors LLC’s holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF were worth $502,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,696,310 shares of the company’s stock valued at $128,965,000 after acquiring an additional 83,304 shares during the last quarter. Quent Capital LLC boosted its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 16.0% in the 3rd quarter. Quent Capital LLC now owns 1,644,782 shares of the company’s stock valued at $79,311,000 after purchasing an additional 226,320 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.8% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,635,215 shares of the company’s stock valued at $78,850,000 after purchasing an additional 90,144 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,628,603 shares of the company’s stock valued at $77,896,000 after purchasing an additional 8,521 shares during the last quarter. Finally, Karpus Management Inc. increased its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 27.4% during the 2nd quarter. Karpus Management Inc. now owns 918,500 shares of the company’s stock worth $43,932,000 after purchasing an additional 197,281 shares in the last quarter. 99.65% of the stock is currently owned by institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of NYSEARCA:SHM opened at $48.26 on Tuesday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a one year low of $46.56 and a one year high of $48.51. The firm has a 50 day simple moving average of $48.03 and a 200 day simple moving average of $48.08.

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.