SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) Sees Large Volume Increase – Still a Buy?

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) saw strong 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 Trading Up 0.4 %

The company’s fifty day moving average price is $25.77 and its two-hundred day moving average price is $25.90.

Hedge Funds Weigh In On SPDR Nuveen Bloomberg High Yield Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of HYMB. JPMorgan Chase & Co. lifted its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 91.7% during the third quarter. JPMorgan Chase & Co. now owns 399,571 shares of the company’s stock worth $10,497,000 after purchasing an additional 191,179 shares in the last quarter. AdvisorNet Financial Inc boosted its position 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 buying an additional 617 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF during the third quarter valued at about $41,000. Nemes Rush Group LLC increased its position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 49.5% during the second quarter. Nemes Rush Group LLC now owns 2,365 shares of the company’s stock worth $60,000 after acquiring an additional 783 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 31.8% in the third quarter. Avior Wealth Management LLC now owns 9,974 shares of the company’s stock worth $262,000 after acquiring an additional 2,405 shares in the last quarter.

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF Company Profile

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.