SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) Sees Large Volume Increase – Here’s Why

Shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) saw an uptick in trading volume on Tuesday . 1,814,811 shares traded hands during mid-day trading, an increase of 104% from the previous session’s volume of 889,839 shares.The stock last traded at $25.62 and had previously closed at $25.53.

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF Stock Up 0.4 %

The firm’s fifty day moving average is $25.77 and its 200-day moving average is $25.90.

Institutional Trading of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in HYMB. Kennebec Savings Bank bought a new stake in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF in the 3rd quarter worth $25,000. GAMMA Investing LLC bought a new stake in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF in the third quarter worth about $41,000. AdvisorNet Financial Inc lifted its holdings in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 37.0% in the 4th quarter. AdvisorNet Financial Inc now owns 2,284 shares of the company’s stock valued at $58,000 after acquiring an additional 617 shares during the last quarter. Nemes Rush Group LLC boosted its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 49.5% during the 2nd quarter. Nemes Rush Group LLC now owns 2,365 shares of the company’s stock valued at $60,000 after purchasing an additional 783 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 31.8% in the 3rd quarter. Avior Wealth Management LLC now owns 9,974 shares of the company’s stock worth $262,000 after purchasing an additional 2,405 shares in the last quarter.

About SPDR Nuveen Bloomberg High Yield Municipal Bond ETF

The SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) is an exchange-traded fund that is based on the S&P Municipal Yield index. The fund tracks a market-value-weighted index of high-yield and investment grade fixed-rate municipal US bonds with at least a year to maturity. HYMB was launched on Apr 13, 2011 and is managed by State Street.