SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) Sees Unusually-High Trading Volume – Here’s Why

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) shares saw strong trading volume on Friday . 6,464,722 shares changed hands during trading, an increase of 902% from the previous session’s volume of 644,876 shares.The stock last traded at $45.33 and had previously closed at $45.37.

SPDR Nuveen Barclays Municipal Bond ETF Trading Down 0.1 %

The company’s fifty day moving average price is $45.69 and its two-hundred day moving average price is $46.04.

Hedge Funds Weigh In On SPDR Nuveen Barclays Municipal Bond ETF

A number of large investors have recently bought and sold shares of the stock. Lee Danner & Bass Inc. purchased a new position in shares of SPDR Nuveen Barclays Municipal Bond ETF in the 4th quarter worth about $36,000. Jones Financial Companies Lllp raised its holdings in SPDR Nuveen Barclays Municipal Bond ETF by 42.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,198 shares of the company’s stock valued at $55,000 after buying an additional 359 shares during the period. Fairway Wealth LLC lifted its position in SPDR Nuveen Barclays Municipal Bond ETF by 6.1% during the fourth quarter. Fairway Wealth LLC now owns 5,325 shares of the company’s stock valued at $243,000 after buying an additional 306 shares in the last quarter. Strategic Blueprint LLC purchased a new stake in SPDR Nuveen Barclays Municipal Bond ETF during the fourth quarter worth approximately $271,000. Finally, Janney Montgomery Scott LLC purchased a new stake in SPDR Nuveen Barclays Municipal Bond ETF during the fourth quarter worth approximately $307,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

SPDR Nuveen Barclays Municipal Bond ETF Company Profile

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.