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

Shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA:HYMB) saw an uptick in trading volume on Tuesday . 1,814,811 shares changed 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 Down 0.3 %

The business’s fifty day moving average is $25.76 and its 200 day moving average is $25.90.

Institutional Investors Weigh In On SPDR Nuveen Bloomberg High Yield Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in HYMB. AdvisorNet Financial Inc grew its holdings in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 37.0% during 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 91.7% in the third quarter. JPMorgan Chase & Co. now owns 399,571 shares of the company’s stock worth $10,497,000 after buying an additional 191,179 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of SPDR Nuveen Bloomberg High Yield Municipal Bond ETF in the third quarter valued at approximately $41,000. Nemes Rush Group LLC grew its stake in 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 valued at $60,000 after acquiring an additional 783 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in SPDR Nuveen Bloomberg High Yield Municipal Bond ETF by 31.8% during the 3rd 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 during the period.

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.