SPDR Nuveen Municipal Bond ETF (BATS:MBND) Trading Down 0.2%

SPDR Nuveen Municipal Bond ETF (BATS:MBND) shares dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as $26.53 and last traded at $26.53. Approximately 1,535 shares were traded during trading, The stock had previously closed at $26.59.

SPDR Nuveen Municipal Bond ETF Stock Performance

The company’s 50 day simple moving average is $26.75 and its 200-day simple moving average is $26.86.

SPDR Nuveen Municipal Bond ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 10th. Stockholders of record on Wednesday, July 5th were paid a $0.0669 dividend. The ex-dividend date of this dividend was Monday, July 3rd.

Hedge Funds Weigh In On SPDR Nuveen Municipal Bond ETF

An institutional investor recently bought a new position in SPDR Nuveen Municipal Bond ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of SPDR Nuveen Municipal Bond ETF (BATS:MBND) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 19,253 shares of the company’s stock, valued at approximately $515,000.

About SPDR Nuveen Municipal Bond ETF

The SPDR Nuveen Municipal Bond ETF (MBND) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively-managed to invest in US municipal bonds with varying credit quality. The portfolio targets a weighted average maturity of 5-12 years. MBND was launched on Feb 3, 2021 and is managed by State Street.