SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Strong Trading Volume – Still a Buy?

Shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) saw strong trading volume on Thursday . 1,093,986 shares changed hands during mid-day trading, an increase of 209% from the previous session’s volume of 354,017 shares.The stock last traded at $47.67 and had previously closed at $47.68.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Stock Performance

The business’s fifty day moving average price is $47.66 and its 200-day moving average price is $47.74.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF in the 4th quarter worth $27,000. Avior Wealth Management LLC purchased a new stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF in the third quarter worth about $54,000. Pinnacle Bancorp Inc. raised its stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 25.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,726 shares of the company’s stock worth $82,000 after buying an additional 348 shares during the period. Farmers & Merchants Investments Inc. lifted its position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 7,468.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 2,422 shares of the company’s stock valued at $115,000 after buying an additional 2,390 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF during the 4th quarter valued at approximately $360,000. Hedge funds and other institutional investors own 99.65% of the company’s stock.

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.