Cullen Capital Management LLC Takes Position in State Street Nuveen Municipal Bond ETF $MBND

Cullen Capital Management LLC purchased a new stake in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 76,370 shares of the company’s stock, valued at approximately $8,182,000. Cullen Capital Management LLC owned about 7.27% of State Street Nuveen Municipal Bond ETF at the end of the most recent quarter.

Separately, PNC Financial Services Group Inc. grew its stake in State Street Nuveen Municipal Bond ETF by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,058 shares of the company’s stock valued at $436,000 after purchasing an additional 3,764 shares during the period.

State Street Nuveen Municipal Bond ETF Stock Up 0.1%

Shares of State Street Nuveen Municipal Bond ETF stock opened at $26.92 on Tuesday. State Street Nuveen Municipal Bond ETF has a 1 year low of $26.66 and a 1 year high of $27.86. The stock has a fifty day moving average price of $27.07 and a 200-day moving average price of $27.24.

About State Street 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.