SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM Shares Purchased by Bank of America Corp DE

Bank of America Corp DE increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 8.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,979,704 shares of the company’s stock after acquiring an additional 1,634,763 shares during the quarter. Bank of America Corp DE owned approximately 0.27% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $963,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC acquired a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the third quarter worth $755,000. Equitable Holdings Inc. increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 2.9% in the 3rd quarter. Equitable Holdings Inc. now owns 34,025 shares of the company’s stock worth $1,641,000 after acquiring an additional 969 shares during the last quarter. Comerica Bank increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 11.8% in the 3rd quarter. Comerica Bank now owns 61,413 shares of the company’s stock worth $2,961,000 after acquiring an additional 6,478 shares during the last quarter. Regal Investment Advisors LLC raised its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 4.3% during the 3rd quarter. Regal Investment Advisors LLC now owns 43,477 shares of the company’s stock worth $2,096,000 after acquiring an additional 1,774 shares during the period. Finally, UBS Group AG raised its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 2.5% during the 3rd quarter. UBS Group AG now owns 297,854 shares of the company’s stock worth $14,363,000 after acquiring an additional 7,299 shares during the period. Institutional investors and hedge funds own 99.65% of the company’s stock.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of SHM stock opened at $48.12 on Tuesday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a twelve month low of $46.56 and a twelve month high of $48.51. The company’s 50-day moving average price is $48.26 and its 200-day moving average price is $48.14.

SPDR Nuveen ICE Short Term Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1121 per share. This represents a c) dividend on an annualized basis and a yield of 2.8%. This is a boost from SPDR Nuveen ICE Short Term Municipal Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, March 2nd.

SPDR Nuveen ICE Short Term Municipal Bond ETF 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. 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.