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 share 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 changing hands.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Down 0.1%

The stock’s 50 day moving average price is $47.84 and its 200-day moving average price is $48.02.

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

A number of institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC bought a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 3rd quarter valued at $28,000. Brown Brothers Harriman & Co. raised its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 136.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 591 shares of the company’s stock valued at $28,000 after buying an additional 341 shares during the last quarter. Ameriflex Group Inc. raised its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 65.2% during the 3rd quarter. Ameriflex Group Inc. now owns 884 shares of the company’s stock valued at $43,000 after buying an additional 349 shares during the last quarter. Kingdom Financial Group LLC. bought a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter valued at $56,000. Finally, Integrity Financial Corp WA bought a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter valued at $74,000. 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.