SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) Hits New 52-Week Low – What’s Next?

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $44.95 and last traded at $44.96, with a volume of 481474 shares traded. The stock had previously closed at $45.18.

SPDR Nuveen Barclays Municipal Bond ETF Stock Down 0.5 %

The firm’s fifty day moving average price is $45.67 and its 200-day moving average price is $45.98.

Hedge Funds Weigh In On SPDR Nuveen Barclays Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TFI. Betterment LLC grew its position in SPDR Nuveen Barclays Municipal Bond ETF by 3.5% during the fourth quarter. Betterment LLC now owns 7,087,899 shares of the company’s stock valued at $323,350,000 after purchasing an additional 240,672 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of SPDR Nuveen Barclays Municipal Bond ETF by 10.0% during the 4th quarter. Ameriprise Financial Inc. now owns 238,167 shares of the company’s stock valued at $10,878,000 after acquiring an additional 21,723 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of SPDR Nuveen Barclays Municipal Bond ETF by 31.8% in the fourth quarter. TD Private Client Wealth LLC now owns 186,542 shares of the company’s stock worth $8,510,000 after acquiring an additional 45,010 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of SPDR Nuveen Barclays Municipal Bond ETF during the fourth quarter worth $3,460,000. Finally, Evensky & Katz LLC grew its stake in SPDR Nuveen Barclays Municipal Bond ETF by 3.2% in the fourth quarter. Evensky & Katz LLC now owns 58,953 shares of the company’s stock valued at $2,689,000 after purchasing an additional 1,820 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

SPDR Nuveen Barclays Municipal Bond ETF Company Profile

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.