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 SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. 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 27.39% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $963,421,000 at the end of the most recent reporting period.

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

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Down 0.1%

SHM stock opened at $48.12 on Tuesday. 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 business’s 50-day moving average is $48.26 and its 200 day moving average is $48.14.

SPDR Nuveen ICE Short Term Municipal Bond ETF Increases Dividend

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

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.