SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM Stake Lowered by Betterment LLC

Betterment LLC trimmed its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 338,152 shares of the company’s stock after selling 13,749 shares during the quarter. Betterment LLC owned about 0.46% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $16,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Total Investment Management Inc. bought a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 2nd quarter worth $27,000. Davis Capital Management bought a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF in the third quarter valued at $27,000. Cornerstone Planning Group LLC acquired a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the third quarter valued at $28,000. Ameriflex Group Inc. boosted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 65.2% during the third quarter. Ameriflex Group Inc. now owns 884 shares of the company’s stock valued at $43,000 after acquiring an additional 349 shares during the period. Finally, Rossmore Private Capital bought a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the third quarter worth about $106,000. Institutional investors own 99.65% of the company’s stock.

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

SHM stock opened at $48.13 on Friday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a fifty-two week low of $46.56 and a fifty-two week high of $48.51. The firm’s 50-day simple moving average is $48.26 and its 200 day simple moving average is $48.15.

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 given a $0.1121 dividend. This is a positive change from SPDR Nuveen ICE Short Term Municipal Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 2.8%.

SPDR Nuveen ICE Short Term Municipal Bond ETF Company 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.