SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) Hits New 52-Week Low – Should You Sell?

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI)’s share price hit a new 52-week low during mid-day 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 Trading Up 0.3 %

The company’s fifty day moving average is $45.65 and its 200 day moving average is $45.97.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TFI. Janney Montgomery Scott LLC bought a new stake in shares of SPDR Nuveen Barclays Municipal Bond ETF in the fourth quarter worth about $307,000. Jones Financial Companies Lllp lifted its holdings in SPDR Nuveen Barclays Municipal Bond ETF by 42.8% in the 4th 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. AdvisorNet Financial Inc grew its position in shares of SPDR Nuveen Barclays Municipal Bond ETF by 6.3% in the 4th quarter. AdvisorNet Financial Inc now owns 8,956 shares of the company’s stock worth $409,000 after buying an additional 530 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of SPDR Nuveen Barclays Municipal Bond ETF by 31.8% during the fourth quarter. TD Private Client Wealth LLC now owns 186,542 shares of the company’s stock valued at $8,510,000 after buying an additional 45,010 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of SPDR Nuveen Barclays Municipal Bond ETF by 50.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,744 shares of the company’s stock valued at $490,000 after buying an additional 3,619 shares during the period. Hedge funds and other institutional investors 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.