Summary
SHM Chart
SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM Stock Holdings Lifted by Eagle Global Advisors LLC
Eagle Global Advisors LLC raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) by 28.9% during the undefined quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,683 shares of the company's stock after buying an additional 12,050 shares during the
SHM: Time To Sell This Short-Term Muni ETF
SPDR Nuveen Bloomberg Short Term Municipal Bond ETF has a short duration, highly rated bonds, low expense ratio, but low total return and yield. The ETF invests in short-term U.S. dollar denominated, fixed rate bonds, excluding bonds subject to Alternative Minimum Tax, with a tax-free yield of 1.5%. After my review, its low Total Return over the past decade, coupled with a miserly yield, earns SHM a Strong Sell rating, one of the few I have awarded.
SPDR Nuveen Bloomberg Short Term Municipal Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 6,013 | $285,408.36 | $287,391.33 | $1,982.97 | 0.69% |
| CE Curtis Ellergodt Rothschild Investment LLC | 69 | $3,300.13 | $3,297.85 | -$2.28 | -0.07% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 2,121 | $103,057.24 | $101,351.98 | -$1,705.26 | -1.65% |
| JW Jamie Wilson CAPITAL ADVISORS Inc./OK | 5,105 | $242,181 | $243,942.42 | $1,761.42 | 0.73% |
 CliftonLarsonAllen Wealth Advisors CliftonLarsonAllen Wealth Advisors LLC | 744,272 | $35.47M | $35.56M | $92,224.86 | 0.26% |
SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM) FAQ
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SPDR Nuveen Bloomberg Short Term Municipal Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The company primarily focuses on investing in a broad range of securities that aim to replicate the performance of the U.S. dollar-denominated short-term tax-exempt bond market. It dedicates at least 80% of its total assets towards securities that are either part of its target index or possess economic characteristics almost identical to those in the index. By doing so, it strives to offer investors exposure to public municipal bonds that are designed to provide tax-exempt income while emphasizing investments in the shorter end of the maturity spectrum. This strategic approach is intended to cater to investors looking for tax-efficient income streams, coupled with a conservative investment stance towards the bond market.
Products and Services
- U.S. Dollar-Denominated Short-Term Tax-Exempt Bond Market Investments
These are investment services that aim to replicate the performance of the index tracking the U.S. dollar-denominated short-term tax-exempt bond market. Through these services, the company invests in a mixture of public municipal bonds and other security types that closely resemble the economic characteristics of the index components. This product is designed for investors seeking exposure to tax-exempt income possibilities, within a relatively conservative risk framework, by focusing on bonds with shorter maturities.
