SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) Reaches New 12-Month Low – Here’s What Happened

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFIGet Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $44.95 and last traded at $44.96, with a volume of 481474 shares changing hands. The stock had previously closed at $45.18.

SPDR Nuveen Barclays Municipal Bond ETF Stock Performance

The company’s 50 day simple moving average is $45.67 and its two-hundred day simple moving average is $45.98.

Institutional Investors Weigh In On SPDR Nuveen Barclays Municipal Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new position in shares of SPDR Nuveen Barclays Municipal Bond ETF in the 4th quarter valued at about $36,000. Jones Financial Companies Lllp boosted its stake in shares of SPDR Nuveen Barclays Municipal Bond ETF by 42.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,198 shares of the company’s stock worth $55,000 after buying an additional 359 shares during the period. Fairway Wealth LLC raised its stake in SPDR Nuveen Barclays Municipal Bond ETF by 6.1% during the 4th quarter. Fairway Wealth LLC now owns 5,325 shares of the company’s stock valued at $243,000 after acquiring an additional 306 shares during the last quarter. Strategic Blueprint LLC purchased a new position in SPDR Nuveen Barclays Municipal Bond ETF in the 4th quarter valued at $271,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of SPDR Nuveen Barclays Municipal Bond ETF during the fourth quarter worth about $307,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

SPDR Nuveen Barclays Municipal Bond ETF Company Profile

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SPDR Lehman Municipal Bond ETF, formerly SPDR Nuveen Barclays Municipal Bond ETF (the Fund), seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Municipal Managed Money Index (the Index). The Fund uses a passive management strategy designed to track the Index.

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