Northwestern Mutual Wealth Management Co. Grows Position in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Northwestern Mutual Wealth Management Co. lifted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,950,388 shares of the company’s stock after buying an additional 109,552 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 4.06% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $141,589,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SHM. First Trust Advisors LP purchased a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the second quarter worth $393,000. Main Street Financial Solutions LLC lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 6.9% in the second quarter. Main Street Financial Solutions LLC now owns 15,510 shares of the company’s stock worth $742,000 after buying an additional 1,001 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the second quarter worth about $312,000. Raymond James Financial Inc. lifted its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 11.3% in the second quarter. Raymond James Financial Inc. now owns 242,423 shares of the company’s stock worth $11,595,000 after buying an additional 24,624 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 17.2% in the second quarter. Ameriprise Financial Inc. now owns 262,900 shares of the company’s stock worth $12,577,000 after buying an additional 38,631 shares in the last quarter. Hedge funds and other institutional investors own 99.65% of the company’s stock.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Up 0.1%

NYSEARCA:SHM opened at $47.87 on Friday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 12 month low of $47.42 and a 12 month high of $48.51. The business’s 50-day moving average is $47.85 and its 200 day moving average is $48.03.

About SPDR Nuveen ICE Short Term Municipal Bond ETF

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.