SPDR Nuveen Bloomberg Short Term Municipal Bond ETF
SHM

$48.11

0.02%

Market Cap: $3.84B

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]

1% less funds holding

Funds holding: 418 [Q1] → 415 (-3) [Q2]

9% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 35

6.91% less ownership

Funds ownership: 101.26% [Q1] → 94.35% (-6.91%) [Q2]

7% less capital invested

Capital invested by funds: $3.91B [Q1] → $3.63B (-$282M) [Q2]

33% less repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 180

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Research analyst outlook

We haven’t received any recent analyst ratings for SHM.

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Financial journalist opinion

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.

SHM: Time To Sell This Short-Term Muni ETF

Chart of the Week: Advisors Looking at Municipal Bonds Choices

Investors continue to turn to low-cost core taxable bond ETFs in 2024. The Vanguard Total Bond Market ETF (BND) and the iShares Core Aggregate Bond ETF (AGG) gathered $2.5 billion and $2.1 billion, respectively, as of late February.

Chart of the Week: Advisors Looking at Municipal Bonds Choices

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