Northwestern Mutual Wealth Management Co. Sells 2,785,464 Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Northwestern Mutual Wealth Management Co. lowered its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 98.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,372 shares of the company’s stock after selling 2,785,464 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.08% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $2,657,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Alaska Wealth Advisors grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 41.6% during the 3rd quarter. Alaska Wealth Advisors now owns 376,498 shares of the company’s stock worth $18,155,000 after acquiring an additional 110,620 shares during the last quarter. Savant Capital LLC bought a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 3rd quarter worth about $608,000. Eagle Global Advisors LLC grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 28.9% during the 4th quarter. Eagle Global Advisors LLC now owns 53,683 shares of the company’s stock worth $2,576,000 after acquiring an additional 12,050 shares during the last quarter. BCS Wealth Management grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 125.7% during the 4th quarter. BCS Wealth Management now owns 28,122 shares of the company’s stock worth $1,350,000 after acquiring an additional 15,661 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 4.9% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,716,083 shares of the company’s stock worth $82,355,000 after acquiring an additional 80,868 shares during the last quarter. Institutional investors own 99.65% of the company’s stock.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of NYSEARCA:SHM opened at $47.72 on Tuesday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 12 month low of $47.42 and a 12 month high of $48.51. The company’s 50-day moving average price is $47.87 and its two-hundred day moving average price is $48.03.

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.