Chatham Capital Group Inc. Decreases Stake in SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM

Chatham Capital Group Inc. cut its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,175 shares of the company’s stock after selling 20,110 shares during the quarter. Chatham Capital Group Inc. owned approximately 0.13% of SPDR Nuveen ICE Short Term Municipal Bond ETF worth $4,711,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 8.9% in the third quarter. Bank of America Corp DE now owns 19,979,704 shares of the company’s stock valued at $963,421,000 after acquiring an additional 1,634,763 shares in the last quarter. Quent Capital LLC lifted its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 16.0% in the third quarter. Quent Capital LLC now owns 1,644,782 shares of the company’s stock worth $79,311,000 after acquiring an additional 226,320 shares during the last quarter. Karpus Management Inc. grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 27.4% during the 2nd quarter. Karpus Management Inc. now owns 918,500 shares of the company’s stock worth $43,932,000 after acquiring an additional 197,281 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,840,836 shares of the company’s stock worth $136,985,000 after acquiring an additional 144,526 shares in the last quarter. Finally, Alaska Wealth Advisors increased its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 41.6% in the 3rd quarter. Alaska Wealth Advisors now owns 376,498 shares of the company’s stock valued at $18,155,000 after purchasing an additional 110,620 shares during the last quarter. 99.65% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

Shares of SHM opened at $47.79 on Monday. 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 firm’s fifty day simple moving average is $48.22 and its 200-day simple moving average is $48.12.

SPDR Nuveen ICE Short Term Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1121 dividend. This represents a c) annualized dividend 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 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.