Foster & Motley Inc. Makes New Investment in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB)

Foster & Motley Inc. bought a new position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) during the fourth quarter, Holdings Channel reports. The institutional investor bought 10,005 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Betterment LLC raised its holdings in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 183.9% during the third quarter. Betterment LLC now owns 45,210 shares of the company’s stock worth $1,077,000 after purchasing an additional 29,283 shares during the period. Crescent Grove Advisors LLC grew its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 4.6% during the fourth quarter. Crescent Grove Advisors LLC now owns 16,205 shares of the company’s stock worth $410,000 after acquiring an additional 717 shares during the last quarter. Private Trust Co. NA grew its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 175.7% during the fourth quarter. Private Trust Co. NA now owns 39,615 shares of the company’s stock worth $1,002,000 after acquiring an additional 25,244 shares during the last quarter. Essex Savings Bank bought a new position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF during the fourth quarter worth about $1,764,000. Finally, Parkside Investments LLC grew its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 5.6% during the fourth quarter. Parkside Investments LLC now owns 414,453 shares of the company’s stock worth $10,486,000 after acquiring an additional 21,950 shares during the last quarter.

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF Stock Performance

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF stock opened at $25.21 on Thursday. The company has a 50-day simple moving average of $25.47 and a 200-day simple moving average of $24.89. SPDR Nuveen Bloomberg High Yield Municipal Bond ETF has a one year low of $22.95 and a one year high of $25.73.

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.