SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM) Hits New 52-Week High at $48.73

SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $48.73 and last traded at $48.73, with a volume of 214663 shares trading hands. The stock had previously closed at $48.69.

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.0581 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, May 1st. This is a positive change from SPDR Nuveen Barclays Short Term Municipal Bond ETF’s previous monthly dividend of $0.05.

Hedge funds and other institutional investors have recently modified their holdings of the company. AllSquare Wealth Management LLC bought a new position in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF in the 1st quarter valued at about $39,000. Berman Capital Advisors LLC bought a new position in SPDR Nuveen Barclays Short Term Municipal Bond ETF during the 4th quarter worth approximately $49,000. Evensky & Katz LLC bought a new position in SPDR Nuveen Barclays Short Term Municipal Bond ETF during the 1st quarter worth approximately $115,000. PFS Investments Inc. bought a new position in SPDR Nuveen Barclays Short Term Municipal Bond ETF during the 1st quarter worth approximately $207,000. Finally, FTB Advisors Inc. boosted its stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 46.3% during the 1st quarter. FTB Advisors Inc. now owns 5,246 shares of the company’s stock worth $253,000 after acquiring an additional 1,660 shares during the last quarter.

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About SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM)

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.

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