SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) Sees Large Volume Increase – Still a Buy?

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) saw unusually-strong trading volume on Friday . Approximately 6,464,722 shares traded 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 Stock Performance

The company has a 50-day moving average of $45.69 and a 200-day moving average of $46.06.

Hedge Funds Weigh In On SPDR Nuveen Barclays Municipal Bond ETF

Institutional investors have recently made changes to their positions in the stock. Lee Danner & Bass Inc. purchased a new stake in shares of SPDR Nuveen Barclays Municipal Bond ETF in the fourth quarter valued at $36,000. Jones Financial Companies Lllp boosted its stake in 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 worth $55,000 after buying an additional 359 shares during the last quarter. Fairway Wealth LLC grew its holdings in SPDR Nuveen Barclays Municipal Bond ETF by 6.1% in the 4th quarter. Fairway Wealth LLC now owns 5,325 shares of the company’s stock valued at $243,000 after buying an additional 306 shares during the period. Strategic Blueprint LLC acquired a new position in shares of SPDR Nuveen Barclays Municipal Bond ETF during the 4th quarter valued at about $271,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of SPDR Nuveen Barclays Municipal Bond ETF during the 4th quarter worth about $307,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.