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

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) shares saw unusually-strong trading volume on Friday . Approximately 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 company’s 50 day simple moving average is $46.33 and its two-hundred day simple moving average is $46.12.

Institutional Investors Weigh In On SPDR Nuveen Barclays Municipal Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TFI. Fifth Third Securities Inc. raised its stake in shares of SPDR Nuveen Barclays Municipal Bond ETF by 4.4% in the second quarter. Fifth Third Securities Inc. now owns 52,963 shares of the company’s stock worth $2,423,000 after acquiring an additional 2,213 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in SPDR Nuveen Barclays Municipal Bond ETF by 12.2% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,021 shares of the company’s stock worth $184,000 after purchasing an additional 438 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in SPDR Nuveen Barclays Municipal Bond ETF by 4.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,104 shares of the company’s stock worth $284,000 after buying an additional 248 shares in the last quarter. Lynx Investment Advisory bought a new position in SPDR Nuveen Barclays Municipal Bond ETF in the 2nd quarter valued at $63,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of SPDR Nuveen Barclays Municipal Bond ETF by 5.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 148,407 shares of the company’s stock valued at $6,790,000 after buying an additional 7,841 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

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.