SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) Reaches New 1-Year Low – Time to Sell?

SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $46.56 and last traded at $46.67, with a volume of 13198 shares traded. The stock had previously closed at $47.05.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Price Performance

The stock’s 50-day moving average price is $47.63 and its 200-day moving average price is $47.67.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SHM. GAMMA Investing LLC increased its holdings in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 6,033.2% during the first quarter. GAMMA Investing LLC now owns 1,457,798 shares of the company’s stock valued at $69,391,000 after acquiring an additional 1,434,029 shares in the last quarter. Quent Capital LLC increased its stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 21.1% during the 4th quarter. Quent Capital LLC now owns 1,332,475 shares of the company’s stock valued at $63,146,000 after purchasing an additional 232,582 shares in the last quarter. Keystone Financial Group bought a new stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF during the 4th quarter valued at $6,806,000. JPMorgan Chase & Co. raised its holdings in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 11.3% during the fourth quarter. JPMorgan Chase & Co. now owns 610,086 shares of the company’s stock worth $28,912,000 after buying an additional 61,915 shares during the last quarter. Finally, Columbia River Financial Group LLC bought a new position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF in the fourth quarter valued at $2,249,000. 99.65% of the stock is owned by institutional investors.

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.