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 Thursday . 2,023,883 shares changed hands during mid-day trading, an increase of 200% from the previous session’s volume of 674,365 shares.The stock last traded at $44.83 and had previously closed at $44.94.

SPDR Nuveen Barclays Municipal Bond ETF Trading Down 0.3 %

The stock has a 50 day moving average price of $45.66 and a two-hundred day moving average price of $45.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lee Danner & Bass Inc. acquired a new stake in shares of SPDR Nuveen Barclays Municipal Bond ETF during the fourth quarter worth about $36,000. Jones Financial Companies Lllp boosted its holdings in shares of SPDR Nuveen Barclays Municipal Bond ETF by 42.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,198 shares of the company’s stock valued at $55,000 after acquiring an additional 359 shares during the last quarter. Fairway Wealth LLC increased its stake in shares of SPDR Nuveen Barclays Municipal Bond ETF by 6.1% in the fourth quarter. Fairway Wealth LLC now owns 5,325 shares of the company’s stock worth $243,000 after acquiring an additional 306 shares during the period. Strategic Blueprint LLC purchased a new position in shares of SPDR Nuveen Barclays Municipal Bond ETF during the fourth quarter worth $271,000. Finally, Janney Montgomery Scott LLC acquired a new position in SPDR Nuveen Barclays Municipal Bond ETF during the fourth quarter valued at $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.