SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) Sees Strong Trading Volume – Time to Buy?

Shares of SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) saw unusually-strong trading volume on Tuesday . Approximately 2,225,393 shares traded hands during mid-day trading, an increase of 470% from the previous session’s volume of 390,580 shares.The stock last traded at $45.22 and had previously closed at $45.35.

SPDR Nuveen ICE Municipal Bond ETF Price Performance

The stock’s 50 day moving average price is $45.95 and its two-hundred day moving average price is $45.79.

SPDR Nuveen ICE Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1363 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a positive change from SPDR Nuveen ICE Municipal Bond ETF’s previous monthly dividend of $0.13.

Hedge Funds Weigh In On SPDR Nuveen ICE Municipal Bond ETF

A number of institutional investors have recently made changes to their positions in TFI. Betterment LLC boosted its stake in SPDR Nuveen ICE Municipal Bond ETF by 43.0% during the 2nd quarter. Betterment LLC now owns 13,127,515 shares of the company’s stock valued at $586,406,000 after purchasing an additional 3,945,532 shares during the period. Wellington Management Group LLP bought a new position in SPDR Nuveen ICE Municipal Bond ETF in the 3rd quarter worth approximately $39,646,000. IHT Wealth Management LLC lifted its holdings in shares of SPDR Nuveen ICE Municipal Bond ETF by 2,786.6% during the fourth quarter. IHT Wealth Management LLC now owns 742,063 shares of the company’s stock worth $33,920,000 after buying an additional 716,356 shares during the last quarter. OpenArc Corporate Advisory LLC bought a new stake in shares of SPDR Nuveen ICE Municipal Bond ETF in the fourth quarter valued at approximately $22,000,000. Finally, Bank of America Corp DE grew its stake in shares of SPDR Nuveen ICE Municipal Bond ETF by 2.9% in the second quarter. Bank of America Corp DE now owns 13,570,885 shares of the company’s stock worth $606,211,000 after acquiring an additional 387,757 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

SPDR Nuveen ICE Municipal Bond ETF Company Profile