SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) Hits New 52-Week High – Still a Buy?

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

SPDR Nuveen ICE Municipal Bond ETF Price Performance

The firm has a 50 day simple moving average of $45.85 and a 200-day simple moving average of $45.54.

SPDR Nuveen ICE Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1315 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.4%.

Hedge Funds Weigh In On SPDR Nuveen ICE Municipal Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of TFI. Nvest Wealth Strategies Inc. acquired a new position in shares of SPDR Nuveen ICE Municipal Bond ETF in the 4th quarter valued at about $25,000. Coston McIsaac & Partners bought a new stake in SPDR Nuveen ICE Municipal Bond ETF in the fourth quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new position in SPDR Nuveen ICE Municipal Bond ETF in the fourth quarter valued at approximately $41,000. Founders Financial Alliance LLC bought a new position in shares of SPDR Nuveen ICE Municipal Bond ETF during the 3rd quarter worth approximately $42,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of SPDR Nuveen ICE Municipal Bond ETF during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

SPDR Nuveen ICE Municipal Bond ETF Company Profile

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