SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) Sees Large Volume Increase – Here’s Why

Shares of SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFIGet Free Report) saw unusually-high trading volume on Thursday . Approximately 2,023,883 shares were traded 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 Up 0.3 %

The company has a 50-day moving average of $45.64 and a two-hundred day moving average of $45.96.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Lee Danner & Bass Inc. bought a new position in SPDR Nuveen Barclays Municipal Bond ETF in the 4th quarter worth $36,000. Jones Financial Companies Lllp grew its position in shares of SPDR Nuveen Barclays Municipal Bond ETF by 42.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,198 shares of the company’s stock worth $55,000 after purchasing an additional 359 shares in the last quarter. Fairway Wealth LLC grew its position in shares of 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 worth $243,000 after purchasing an additional 306 shares in the last quarter. Strategic Blueprint LLC bought a new stake in SPDR Nuveen Barclays Municipal Bond ETF during the 4th quarter valued at approximately $271,000. Finally, Janney Montgomery Scott LLC purchased a new position in SPDR Nuveen Barclays Municipal Bond ETF in the 4th quarter worth approximately $307,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

About SPDR Nuveen Barclays Municipal Bond ETF

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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.

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