SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Large Volume Increase – Here’s What Happened

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) shares saw an uptick in trading volume on Tuesday . 1,392,040 shares changed hands during mid-day trading, an increase of 254% from the previous session’s volume of 393,599 shares.The stock last traded at $29.13 and had previously closed at $29.20.

SPDR Portfolio Corporate Bond ETF Stock Performance

The business’s 50-day simple moving average is $29.75 and its 200-day simple moving average is $29.15.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV boosted its position in SPDR Portfolio Corporate Bond ETF by 638.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,012 shares of the company’s stock worth $30,000 after purchasing an additional 875 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF during the second quarter worth $26,000. Richardson Financial Services Inc. acquired a new stake in SPDR Portfolio Corporate Bond ETF during the first quarter valued at $35,000. Parallel Advisors LLC purchased a new position in SPDR Portfolio Corporate Bond ETF in the second quarter valued at $273,000. Finally, Eldridge Investment Advisors Inc. boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 11.9% during the 2nd quarter. Eldridge Investment Advisors Inc. now owns 120,455 shares of the company’s stock worth $3,457,000 after acquiring an additional 12,815 shares in the last quarter.

About SPDR Portfolio Corporate Bond ETF

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.