SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Unusually-High Trading Volume – Here’s Why

Shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw strong trading volume on Wednesday . 6,640,307 shares changed hands during trading, an increase of 436% from the previous session’s volume of 1,238,358 shares.The stock last traded at $22.12 and had previously closed at $22.37.

SPDR Portfolio Long Term Corporate Bond ETF Stock Up 1.3 %

The stock has a fifty day simple moving average of $22.43 and a 200 day simple moving average of $23.14.

Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Global Financial Private Client LLC increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.9% in the 4th quarter. Global Financial Private Client LLC now owns 10,577 shares of the company’s stock worth $235,000 after purchasing an additional 777 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in SPDR Portfolio Long Term Corporate Bond ETF by 2.3% in the third quarter. Integrated Wealth Concepts LLC now owns 43,296 shares of the company’s stock worth $1,046,000 after buying an additional 986 shares in the last quarter. Avior Wealth Management LLC bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter worth about $36,000. Transcendent Capital Group LLC lifted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 130.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 4,071 shares of the company’s stock valued at $98,000 after buying an additional 2,301 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 63.8% during the 3rd quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock valued at $204,000 after acquiring an additional 3,282 shares during the period.

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.