SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) Reaches New 12-Month Low – Should You Sell?

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) reached a new 52-week low during trading on Monday . The company traded as low as $44.67 and last traded at $44.81, with a volume of 611000 shares trading hands. The stock had previously closed at $45.40.

SPDR Nuveen Barclays Municipal Bond ETF Trading Up 0.2 %

The company’s fifty day simple moving average is $45.44 and its two-hundred day simple moving average is $45.81.

Hedge Funds Weigh In On SPDR Nuveen Barclays Municipal Bond ETF

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

About SPDR Nuveen Barclays Municipal Bond ETF

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.