SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) Hits New 1-Year High at $48.05

SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $48.05 and last traded at $48.02, with a volume of 1066 shares. The stock had previously closed at $47.99.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Stock Performance

The firm has a 50 day moving average price of $47.58 and a 200-day moving average price of $47.40.

Institutional Trading of SPDR Nuveen Barclays Short Term Municipal Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quent Capital LLC raised its holdings in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 15.3% in the 2nd quarter. Quent Capital LLC now owns 1,006,169 shares of the company’s stock worth $47,481,000 after acquiring an additional 133,586 shares during the period. Symmetry Partners LLC lifted its position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 74.9% during the 2nd quarter. Symmetry Partners LLC now owns 255,658 shares of the company’s stock worth $12,064,000 after purchasing an additional 109,516 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 3.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 178,876 shares of the company’s stock worth $8,441,000 after purchasing an additional 5,217 shares during the last quarter. Karpus Management Inc. grew its holdings in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 70.3% in the 1st quarter. Karpus Management Inc. now owns 134,206 shares of the company’s stock valued at $6,367,000 after buying an additional 55,420 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 5.6% in the 2nd quarter. Confluence Investment Management LLC now owns 79,814 shares of the company’s stock worth $3,766,000 after buying an additional 4,260 shares during the period. 99.65% of the stock is currently owned by institutional investors and hedge funds.

About SPDR Nuveen Barclays 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.