SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Reaches New 52-Week High – Here’s Why

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) hit a new 52-week high on Friday . The company traded as high as $26.06 and last traded at $25.0780, with a volume of 22506 shares changing hands. The stock had previously closed at $25.05.

SPDR Nuveen ICE High Yield Municipal Bond ETF Trading Up 0.2%

The company’s fifty day moving average price is $25.05 and its 200-day moving average price is $24.77.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF in the 3rd quarter worth approximately $25,000. CoreCap Advisors LLC increased its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 93.8% in the 3rd quarter. CoreCap Advisors LLC now owns 1,938 shares of the company’s stock worth $48,000 after purchasing an additional 938 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 121.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 3,592 shares of the company’s stock worth $90,000 after purchasing an additional 1,967 shares during the last quarter. Nemes Rush Group LLC lifted its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 11.8% during the third quarter. Nemes Rush Group LLC now owns 5,386 shares of the company’s stock valued at $134,000 after purchasing an additional 567 shares in the last quarter. Finally, Foster & Motley Inc. purchased a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the third quarter valued at $210,000.

About SPDR Nuveen ICE High Yield Municipal Bond ETF

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.