SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) Sees Large Volume Increase – Here’s Why

SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) saw unusually-high trading volume on Friday. Approximately 802,184 shares changed hands during trading, an increase of 14% from the average daily volume of 703,768 shares. The stock last traded at $44.0150 and had previously closed at $44.07.

SPDR Nuveen ICE Municipal Bond ETF Trading Down 0.2%

The firm has a 50-day moving average price of $43.54 and a 200 day moving average price of $45.01.

Hedge Funds Weigh In On SPDR Nuveen ICE Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of TFI. Angeles Wealth Management LLC bought a new stake in SPDR Nuveen ICE Municipal Bond ETF during the 2nd quarter valued at approximately $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of SPDR Nuveen ICE Municipal Bond ETF in the 3rd quarter worth $43,000. Western Wealth Management LLC purchased a new stake in shares of SPDR Nuveen ICE Municipal Bond ETF during the 1st quarter valued at about $94,000. Root Financial Partners LLC purchased a new stake in SPDR Nuveen ICE Municipal Bond ETF during the third quarter valued at approximately $111,000. Finally, Cornerstone Planning Group LLC raised its holdings in SPDR Nuveen ICE Municipal Bond ETF by 573.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 3,354 shares of the company’s stock worth $152,000 after purchasing an additional 2,856 shares during the period. 89.83% of the stock is owned by institutional investors.

About SPDR Nuveen ICE 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. The Index tracks the United States long-term, tax-exempt bond market and includes general obligation, revenue, pre-refunded and insured issues. The Fund’s investment manager is SSgA Funds Management, Inc.