SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) Stock Price Up 0.3% – Still a Buy?

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) shares traded up 0.3% on Thursday . The company traded as high as $25.47 and last traded at $25.46. 1,391,136 shares were traded during mid-day trading, an increase of 44% from the average session volume of 965,546 shares. The stock had previously closed at $25.39.

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF Stock Performance

The firm’s 50 day moving average price is $25.91 and its two-hundred day moving average price is $25.91.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 91.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 399,571 shares of the company’s stock worth $10,497,000 after purchasing an additional 191,179 shares during the last quarter. Private Trust Co. NA grew its holdings in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 7.3% during the third quarter. Private Trust Co. NA now owns 47,481 shares of the company’s stock worth $1,247,000 after purchasing an additional 3,232 shares during the period. Avior Wealth Management LLC increased its position in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 31.8% during the third quarter. Avior Wealth Management LLC now owns 9,974 shares of the company’s stock worth $262,000 after buying an additional 2,405 shares during the last quarter. Missouri Trust & Investment Co raised its stake in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 71.9% in the third quarter. Missouri Trust & Investment Co now owns 33,700 shares of the company’s stock valued at $885,000 after buying an additional 14,100 shares during the period. Finally, Prime Capital Investment Advisors LLC lifted its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 4.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 189,312 shares of the company’s stock valued at $4,973,000 after buying an additional 8,540 shares during the last quarter.

About SPDR Nuveen Bloomberg 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.