State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $47.72, down 0.02% on the session, giving a market capitalisation of $3.48B. Its beta of 0.38 implies it has historically moved less than the broad market.
This exchange-traded fund aims to replicate the investment performance, encompassing both price movements and yield generation, of the ICE 1-5 Year AMT-Free Broad Municipal Index, before accounting for any fees or expenses. The underlying index is comprised of a diverse array of municipal debt instruments, including general obligation bonds issued by state and local authorities, revenue bonds, pre-refunded bonds, insured bonds, and municipal lease obligations. Its constituents are weighted based on their market capitalization, and the index is subject to monthly adjustments through rebalancing and reconstitution.
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF is most often compared with the following Financial Services names: