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Upturn AI SWOT - About
SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF (SHM)
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Upturn Advisory Summary
04/01/2025: SHM (1-star) is a SELL. SELL since 5 days. Profits (0.11%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 2.11% | Avg. Invested days 39 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 450509 | Beta 0.47 | 52 Weeks Range 45.85 - 47.74 | Updated Date 04/2/2025 |
52 Weeks Range 45.85 - 47.74 | Updated Date 04/2/2025 |
Upturn AI SWOT
SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF
ETF Overview
Overview
The SPDRu00ae Nuveen Bloomberg Short Term Municipal Bond ETF (SHM) seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Short Term Municipal Bond Index. It focuses on short-term municipal bonds, offering exposure to the tax-exempt fixed income market. The fund prioritizes bonds with relatively short maturities to reduce interest rate risk.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long track record in the ETF industry. They are known for their diverse range of ETF products and robust investment management capabilities.
Management Expertise
SSGA has a team of experienced portfolio managers and fixed income specialists responsible for managing the SPDR Nuveen municipal bond ETFs. Their expertise in municipal bond markets contributes to the fund's investment strategy and performance.
Investment Objective
Goal
The ETF's primary investment goal is to track the performance of the Bloomberg Short Term Municipal Bond Index, providing investors with tax-exempt income.
Investment Approach and Strategy
Strategy: The ETF aims to replicate the Bloomberg Short Term Municipal Bond Index. It employs a passive investment strategy, holding a portfolio of municipal bonds that mirrors the index's composition.
Composition The ETF holds primarily municipal bonds with short-term maturities. These bonds are issued by state and local governments and are generally exempt from federal income taxes.
Market Position
Market Share: The SPDRu00ae Nuveen Bloomberg Short Term Municipal Bond ETF has a significant market share in the short-term municipal bond ETF sector.
Total Net Assets (AUM): 3158000000
Competitors
Key Competitors
- Invesco VRDO Tax-Free Weekly ETF (PVI)
- iShares Short-Term National Muni Bond ETF (SUB)
- Vanguard Short-Term Tax-Exempt ETF (VTES)
Competitive Landscape
The short-term municipal bond ETF market is competitive, with several ETFs offering similar exposure. SHM benefits from the strong brand of SSGA and Nuveen. Competitors like SUB and VTES offer similar index-tracking strategies with slight variations in expense ratios and fund size. SHM's main advantage is its historical trading volume which lends it a competitive edge.
Financial Performance
Historical Performance: Historical performance data is best obtained from financial data providers.
Benchmark Comparison: Benchmark comparisons are best obtained from financial data providers.
Expense Ratio: 0.12
Liquidity
Average Trading Volume
The ETF has good liquidity based on its average daily trading volume, making it easy to buy and sell shares.
Bid-Ask Spread
The bid-ask spread is typically tight, indicating efficient trading and lower transaction costs.
Market Dynamics
Market Environment Factors
Economic indicators like interest rates, inflation, and tax policies influence the municipal bond market. State and local government fiscal health also affects bond credit quality.
Growth Trajectory
The ETF's growth depends on investor demand for tax-exempt income and short-term fixed income investments. Changes to its strategy typically mirror changes to the underlying index or regulatory updates.
Moat and Competitive Advantages
Competitive Edge
SHM benefits from the combined expertise of SSGA and Nuveen, providing investors with a well-managed short-term municipal bond ETF. Its scale and liquidity enhance its competitiveness within the sector. The ETF's index-tracking strategy ensures consistent exposure to the short-term municipal bond market. Its low expense ratio helps to keep cost down for investors.
Risk Analysis
Volatility
The ETF has relatively low volatility due to the short-term nature of its holdings.
Market Risk
The ETF is subject to interest rate risk, credit risk (although generally low for municipal bonds), and market fluctuations.
Investor Profile
Ideal Investor Profile
The ideal investor for this ETF is someone seeking tax-exempt income, capital preservation, and low volatility.
Market Risk
This ETF is suitable for long-term investors, those in higher tax brackets, and investors looking for a stable fixed-income allocation.
Summary
The SPDRu00ae Nuveen Bloomberg Short Term Municipal Bond ETF offers a convenient way to access the short-term municipal bond market. Its low expense ratio and good liquidity make it an attractive option for tax-conscious investors. The ETF's investment objective is to closely track the performance of the Bloomberg Short Term Municipal Bond Index. It is best suited for investors with a lower risk tolerance and a need for tax-advantaged income. With SSGA's management, SHM provides a reliable way to achieve these goals.
Similar Companies
- SUB
- VTES
- MUB
- ITM
- BAB
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) website
- Bloomberg
- ETF.com
- Morningstar
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on your own due diligence and risk tolerance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to track the publicly traded municipal bonds that cover the U.S. dollar denominated short term tax exempt bond market.
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