SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) shares saw unusually-high trading volume on Tuesday. Approximately 473,097 shares traded hands during trading, an increase of 39% from the average daily volume of 341,574 shares. The stock last traded at $47.3750 and had previously closed at $47.44.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

The company has a 50 day moving average of $47.14 and a 200-day moving average of $47.74.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Jacobi Capital Management LLC acquired a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the third quarter valued at approximately $122,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the third quarter valued at $742,000. Keybank National Association OH acquired a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 3rd quarter valued at about $304,000. Global Wealth Management Investment Advisory Inc. raised its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.2% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 7,051 shares of the company’s stock worth $329,000 after purchasing an additional 220 shares in the last quarter. Finally, Avantax Planning Partners Inc. bought a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 3rd quarter worth $814,000. 99.65% of the stock is currently 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.