SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) Hits New 1-Year Low – Here’s What Happened

SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFIGet Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $44.39 and last traded at $44.42, with a volume of 26584 shares traded. The stock had previously closed at $44.66.

SPDR Nuveen ICE Municipal Bond ETF Price Performance

The stock has a 50 day moving average of $45.21 and a 200 day moving average of $45.49.

Hedge Funds Weigh In On SPDR Nuveen ICE Municipal Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in SPDR Nuveen ICE Municipal Bond ETF by 0.3% in the third quarter. Bank of America Corp DE now owns 13,605,513 shares of the company’s stock valued at $620,003,000 after acquiring an additional 34,628 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in SPDR Nuveen ICE Municipal Bond ETF by 2.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,340,865 shares of the company’s stock worth $244,131,000 after purchasing an additional 114,048 shares during the last quarter. Bank of Montreal Can lifted its stake in SPDR Nuveen ICE Municipal Bond ETF by 6.5% during the fourth quarter. Bank of Montreal Can now owns 2,051,425 shares of the company’s stock worth $93,771,000 after purchasing an additional 125,331 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of SPDR Nuveen ICE Municipal Bond ETF by 8.2% in the 4th quarter. LPL Financial LLC now owns 1,618,969 shares of the company’s stock valued at $74,003,000 after purchasing an additional 122,778 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of SPDR Nuveen ICE Municipal Bond ETF by 72.3% in the 2nd quarter. Raymond James Financial Inc. now owns 884,984 shares of the company’s stock valued at $39,532,000 after purchasing an additional 371,228 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About SPDR Nuveen ICE Municipal Bond ETF

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