SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) Sees Unusually-High Trading Volume – Should You Buy?

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) saw unusually-strong trading volume on Friday . Approximately 1,646,620 shares traded hands during mid-day trading, an increase of 199% from the previous session’s volume of 550,251 shares.The stock last traded at $46.03 and had previously closed at $45.94.

SPDR Nuveen Barclays Municipal Bond ETF Price Performance

The company’s 50-day moving average price is $46.34 and its 200 day moving average price is $46.12.

Institutional Trading of SPDR Nuveen Barclays Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank increased its stake in SPDR Nuveen Barclays Municipal Bond ETF by 0.8% in the 1st quarter. Comerica Bank now owns 152,099 shares of the company’s stock worth $7,070,000 after buying an additional 1,237 shares in the last quarter. OLD Mission Capital LLC increased its stake in shares of SPDR Nuveen Barclays Municipal Bond ETF by 10.4% during the first quarter. OLD Mission Capital LLC now owns 148,743 shares of the company’s stock valued at $6,914,000 after buying an additional 13,988 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of SPDR Nuveen Barclays Municipal Bond ETF by 5.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 148,407 shares of the company’s stock worth $6,790,000 after purchasing an additional 7,841 shares during the period. Versant Capital Management Inc boosted its position in SPDR Nuveen Barclays Municipal Bond ETF by 1.2% during the 2nd quarter. Versant Capital Management Inc now owns 96,936 shares of the company’s stock valued at $4,435,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Fifth Third Securities Inc. boosted its position in SPDR Nuveen Barclays Municipal Bond ETF by 4.4% during the second quarter. Fifth Third Securities Inc. now owns 52,963 shares of the company’s stock valued at $2,423,000 after purchasing an additional 2,213 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

About SPDR Nuveen Barclays Municipal Bond ETF

SPDR Lehman Municipal Bond ETF, formerly SPDR Nuveen Barclays Municipal Bond ETF (the Fund), seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Municipal Managed Money Index (the Index). The Fund uses a passive management strategy designed to track the Index.