State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) is a publicly traded company in the Financial Services sector, operating within the Asset Management industry. The company is headquartered in Boston, MA, United States.
SHM has IPO date of 2007-10-18, listed on the NYSE, a market capitalization of $3.44B.
The State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) is an exchange-traded fund that invests at least 80% of its total assets in securities comprising its underlying index, along with economically similar securities selected by the Sub-Adviser. The fund tracks the ICE Short Term Municipal Bond Index, which is designed to provide exposure to the U.S. dollar-denominated short-term tax-exempt municipal bond market. By focusing on publicly traded municipal bonds with shorter maturities, the fund offers investors a way to access tax-advantaged fixed income securities while maintaining lower interest rate risk compared to longer-duration bond portfolios.
