SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Large Volume Increase – Here’s Why

SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) shares saw unusually-high trading volume on Wednesday . Approximately 3,057,316 shares traded hands during trading, an increase of 847% from the previous session’s volume of 322,941 shares.The stock last traded at $47.94 and had previously closed at $48.00.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Trading Down 0.1 %

The company has a fifty day moving average price of $47.96 and a 200 day moving average price of $47.48.

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

Several large investors have recently bought and sold shares of SHM. 1620 Investment Advisors Inc. bought a new stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF in the 2nd quarter worth $28,000. Richardson Financial Services Inc. purchased a new position in SPDR Nuveen Barclays Short Term Municipal Bond ETF during the fourth quarter worth about $175,000. EverSource Wealth Advisors LLC grew its position in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,935 shares of the company’s stock worth $187,000 after purchasing an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF in the 2nd quarter valued at about $233,000. Finally, ARK & TLK Investments LLC bought a new position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF during the 4th quarter worth approximately $242,000. 99.65% of the stock is currently owned by institutional investors.

SPDR Nuveen Barclays 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.