Confluence Investment Management LLC Lowers Stake in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB)

Confluence Investment Management LLC cut its position in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,177 shares of the company’s stock after selling 8,656 shares during the period. Confluence Investment Management LLC owned about 0.14% of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF worth $3,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Kennebec Savings Bank purchased a new stake in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF in the 3rd quarter worth $25,000. GAMMA Investing LLC bought a new position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF in the third quarter worth about $41,000. Nemes Rush Group LLC grew its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 49.5% during the second quarter. Nemes Rush Group LLC now owns 2,365 shares of the company’s stock worth $60,000 after purchasing an additional 783 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF during the second quarter worth about $187,000. Finally, Avior Wealth Management LLC raised its stake in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 31.8% during the 3rd quarter. Avior Wealth Management LLC now owns 9,974 shares of the company’s stock valued at $262,000 after purchasing an additional 2,405 shares during the period.

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF Stock Performance

HYMB stock opened at $25.62 on Friday. SPDR Nuveen Bloomberg High Yield Municipal Bond ETF has a 1-year low of $24.89 and a 1-year high of $26.33. The business has a 50 day simple moving average of $25.86 and a two-hundred day simple moving average of $25.91.

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.