Pineridge Advisors LLC Makes New $1.16 Million Investment in SPDR Nuveen ICE Municipal Bond ETF $TFI

Pineridge Advisors LLC acquired a new stake in SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 25,474 shares of the company’s stock, valued at approximately $1,161,000. SPDR Nuveen ICE Municipal Bond ETF makes up about 0.3% of Pineridge Advisors LLC’s holdings, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of SPDR Nuveen ICE Municipal Bond ETF by 2.9% during the second quarter. Bank of America Corp DE now owns 13,570,885 shares of the company’s stock valued at $606,211,000 after acquiring an additional 387,757 shares during the period. Betterment LLC raised its holdings in SPDR Nuveen ICE Municipal Bond ETF by 43.0% during the 2nd quarter. Betterment LLC now owns 13,127,515 shares of the company’s stock worth $586,406,000 after purchasing an additional 3,945,532 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in SPDR Nuveen ICE Municipal Bond ETF by 3.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,101,819 shares of the company’s stock worth $227,898,000 after purchasing an additional 163,110 shares during the last quarter. Bank of Montreal Can lifted its position in SPDR Nuveen ICE Municipal Bond ETF by 13.9% during the 2nd quarter. Bank of Montreal Can now owns 1,672,375 shares of the company’s stock valued at $74,705,000 after purchasing an additional 204,535 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of SPDR Nuveen ICE Municipal Bond ETF by 72.3% in the 2nd quarter. Raymond James Financial Inc. now owns 884,984 shares of the company’s stock valued at $39,532,000 after purchasing an additional 371,228 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

SPDR Nuveen ICE Municipal Bond ETF Trading Up 0.2%

Shares of NYSEARCA:TFI opened at $46.02 on Monday. The company has a 50 day moving average of $45.78 and a 200-day moving average of $45.42. SPDR Nuveen ICE Municipal Bond ETF has a one year low of $42.84 and a one year high of $46.24.

SPDR Nuveen ICE Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.1315 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, February 2nd.

About SPDR Nuveen ICE Municipal Bond ETF