SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) Hits New 52-Week Low – Time to Sell?

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) hit a new 52-week low on Thursday . The company traded as low as $25.08 and last traded at $25.11, with a volume of 295205 shares changing hands. The stock had previously closed at $25.20.

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF Stock Performance

The business has a 50-day moving average price of $25.70 and a 200-day moving average price of $25.83.

Hedge Funds Weigh In On SPDR Nuveen Bloomberg High Yield Municipal Bond ETF

A number of large investors have recently added to or reduced their stakes in HYMB. Ameriprise Financial Inc. increased its holdings in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 11.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,073,676 shares of the company’s stock worth $27,465,000 after buying an additional 110,978 shares during the period. Bank of New York Mellon Corp lifted its position in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 17.7% during the fourth quarter. Bank of New York Mellon Corp now owns 662,561 shares of the company’s stock valued at $16,948,000 after purchasing an additional 99,676 shares during the period. Parkside Investments LLC boosted its stake in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 5.5% in the fourth quarter. Parkside Investments LLC now owns 502,900 shares of the company’s stock worth $12,864,000 after buying an additional 26,150 shares during the last quarter. Betterment LLC boosted its position in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 4.4% in the 4th quarter. Betterment LLC now owns 460,793 shares of the company’s stock worth $11,787,000 after purchasing an additional 19,249 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 14.7% in the fourth quarter. JPMorgan Chase & Co. now owns 458,158 shares of the company’s stock valued at $11,720,000 after buying an additional 58,587 shares in the last quarter.

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF Company Profile

The SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) is an exchange-traded fund that is based on the S&P Municipal Yield index. The fund tracks a market-value-weighted index of high-yield and investment grade fixed-rate municipal US bonds with at least a year to maturity. HYMB was launched on Apr 13, 2011 and is managed by State Street.