SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) Reaches New 12-Month High – Here’s What Happened

SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $46.29 and last traded at $46.2650, with a volume of 31437 shares. The stock had previously closed at $46.19.

SPDR Nuveen ICE Municipal Bond ETF Stock Up 0.2%

The business’s 50 day moving average price is $45.83 and its 200-day moving average price is $45.52.

SPDR Nuveen ICE Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.1315 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised 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 buying an additional 34,628 shares in the last quarter. Betterment LLC boosted its holdings in SPDR Nuveen ICE Municipal Bond ETF by 43.0% in the 2nd quarter. Betterment LLC now owns 13,127,515 shares of the company’s stock valued at $586,406,000 after purchasing an additional 3,945,532 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR Nuveen ICE Municipal Bond ETF by 2.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,340,865 shares of the company’s stock valued at $244,131,000 after acquiring an additional 114,048 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of SPDR Nuveen ICE Municipal Bond ETF by 16.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,132,808 shares of the company’s stock valued at $97,192,000 after acquiring an additional 303,938 shares during the period. Finally, Bank of Montreal Can grew its stake in SPDR Nuveen ICE Municipal Bond ETF by 6.5% in the 4th quarter. Bank of Montreal Can now owns 2,051,425 shares of the company’s stock valued at $93,771,000 after acquiring an additional 125,331 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

SPDR Nuveen ICE Municipal Bond ETF Company Profile