SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) Reaches New 52-Week Low – Here’s What Happened

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $24.88 and last traded at $24.97, with a volume of 301243 shares changing hands. The stock had previously closed at $25.43.

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF Price Performance

The business has a fifty day simple moving average of $25.52 and a two-hundred day simple moving average of $25.74.

Institutional Investors Weigh In On SPDR Nuveen Bloomberg High Yield Municipal Bond ETF

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 91.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 399,571 shares of the company’s stock valued at $10,497,000 after acquiring an additional 191,179 shares during the period. AdvisorNet Financial Inc lifted its holdings in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 37.0% during the fourth quarter. AdvisorNet Financial Inc now owns 2,284 shares of the company’s stock valued at $58,000 after purchasing an additional 617 shares in the last quarter. Financial Management Professionals Inc. boosted its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 1.0% in the fourth quarter. Financial Management Professionals Inc. now owns 47,562 shares of the company’s stock worth $1,217,000 after purchasing an additional 466 shares during the period. Missouri Trust & Investment Co increased its stake in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 10.7% in the fourth quarter. Missouri Trust & Investment Co now owns 37,300 shares of the company’s stock worth $954,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 30.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 54,321 shares of the company’s stock valued at $1,390,000 after purchasing an additional 12,616 shares during the period.

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.