Concurrent Investment Advisors LLC Grows Stock Holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Concurrent Investment Advisors LLC boosted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 78.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,264 shares of the company’s stock after purchasing an additional 14,156 shares during the period. Concurrent Investment Advisors LLC’s holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF were worth $1,556,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SHM. Total Investment Management Inc. bought a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the 2nd quarter valued at $27,000. Davis Capital Management purchased a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 3rd quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1,365.2% in the 2nd quarter. Blue Trust Inc. now owns 967 shares of the company’s stock worth $46,000 after purchasing an additional 901 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 30.8% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,745 shares of the company’s stock worth $83,000 after buying an additional 411 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 2nd quarter worth approximately $139,000. 99.65% of the stock is owned by hedge funds and other institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

SHM opened at $48.23 on Friday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 12-month low of $46.56 and a 12-month high of $48.51. The company’s 50 day moving average is $48.00 and its 200 day moving average is $48.06.

About SPDR Nuveen ICE 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. 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.