Confluence Investment Management LLC Lowers Stock Holdings in SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM)

Confluence Investment Management LLC reduced its stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) by 41.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 48,745 shares of the company’s stock after selling 34,593 shares during the quarter. Confluence Investment Management LLC’s holdings in SPDR Nuveen Barclays Short Term Municipal Bond ETF were worth $2,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quent Capital LLC raised its holdings in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 9.3% in the third quarter. Quent Capital LLC now owns 1,099,893 shares of the company’s stock valued at $52,949,000 after acquiring an additional 93,724 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 13,637.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 26,926 shares of the company’s stock valued at $1,296,000 after purchasing an additional 26,730 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF in the 3rd quarter worth approximately $492,000. Cullen Frost Bankers Inc. boosted its stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 3.0% during the second quarter. Cullen Frost Bankers Inc. now owns 178,876 shares of the company’s stock valued at $8,441,000 after purchasing an additional 5,217 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in SPDR Nuveen Barclays Short Term Municipal Bond ETF during the second quarter valued at approximately $233,000. Institutional investors own 99.65% of the company’s stock.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Price Performance

Shares of NYSEARCA:SHM opened at $47.43 on Friday. The firm has a 50 day moving average of $47.64 and a 200 day moving average of $47.69. SPDR Nuveen Barclays Short Term Municipal Bond ETF has a 52 week low of $46.76 and a 52 week high of $48.19.

About SPDR Nuveen Barclays 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.