SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) Sees Large Volume Increase – What’s Next?

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) shares saw an uptick in trading volume on Friday . 1,646,620 shares were traded 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 Stock Performance

The stock’s 50-day moving average is $46.33 and its 200-day moving average is $46.12.

Hedge Funds Weigh In On SPDR Nuveen Barclays Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lynx Investment Advisory acquired a new position in SPDR Nuveen Barclays Municipal Bond ETF in the second quarter worth about $63,000. Park Place Capital Corp raised its holdings in shares of SPDR Nuveen Barclays Municipal Bond ETF by 127.5% in the 2nd quarter. Park Place Capital Corp now owns 1,959 shares of the company’s stock worth $90,000 after buying an additional 1,098 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of SPDR Nuveen Barclays Municipal Bond ETF by 12.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,021 shares of the company’s stock worth $184,000 after buying an additional 438 shares during the period. GAMMA Investing LLC boosted its stake in SPDR Nuveen Barclays Municipal Bond ETF by 59.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,798 shares of the company’s stock valued at $220,000 after buying an additional 1,785 shares in the last quarter. Finally, Hardin Capital Partners LLC bought a new stake in SPDR Nuveen Barclays Municipal Bond ETF in the second quarter valued at $229,000. 89.83% of the stock is currently owned by institutional investors.

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.