SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Strong Trading Volume – What’s Next?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) shares saw strong trading volume on Wednesday . 2,170,691 shares changed hands during mid-day trading, an increase of 111% from the previous session’s volume of 1,027,945 shares.The stock last traded at $22.76 and had previously closed at $22.86.

SPDR Portfolio Long Term Corporate Bond ETF Trading Down 0.4 %

The firm’s fifty day simple moving average is $22.38 and its 200 day simple moving average is $23.08.

Institutional Investors Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in SPDR Portfolio Long Term Corporate Bond ETF by 27.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 128,689 shares of the company’s stock worth $3,109,000 after purchasing an additional 27,936 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter worth about $36,000. Global Financial Private Client LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.9% during the fourth quarter. Global Financial Private Client LLC now owns 10,577 shares of the company’s stock worth $235,000 after buying an additional 777 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 63.8% in the third quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock valued at $204,000 after purchasing an additional 3,282 shares during the period. Finally, Fifth Third Securities Inc. raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 3.9% during the fourth quarter. Fifth Third Securities Inc. now owns 92,335 shares of the company’s stock worth $2,053,000 after purchasing an additional 3,497 shares during the last quarter.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.