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

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) shares saw unusually-high trading volume on Tuesday . Approximately 1,811,484 shares were traded during mid-day trading, an increase of 76% from the previous session’s volume of 1,031,414 shares.The stock last traded at $45.48 and had previously closed at $45.40.

SPDR Nuveen Barclays Municipal Bond ETF Stock Down 0.2 %

The firm’s fifty day moving average is $45.89 and its 200 day moving average is $46.17.

Hedge Funds Weigh In On SPDR Nuveen Barclays Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in TFI. Crews Bank & Trust purchased a new position in shares of SPDR Nuveen Barclays Municipal Bond ETF in the fourth quarter worth about $495,000. Strategic Blueprint LLC acquired a new stake in SPDR Nuveen Barclays Municipal Bond ETF in the 4th quarter valued at about $271,000. Janney Montgomery Scott LLC purchased a new position in SPDR Nuveen Barclays Municipal Bond ETF in the 4th quarter worth approximately $307,000. Beaumont Financial Advisors LLC lifted its stake in SPDR Nuveen Barclays Municipal Bond ETF by 3.8% in the 4th quarter. Beaumont Financial Advisors LLC now owns 8,546 shares of the company’s stock worth $390,000 after purchasing an additional 314 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of SPDR Nuveen Barclays Municipal Bond ETF by 6.3% during the 4th quarter. AdvisorNet Financial Inc now owns 8,956 shares of the company’s stock worth $409,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

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.