SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw unusually-strong trading volume on Wednesday . Approximately 1,632,764 shares traded hands during trading, an increase of 179% from the previous session’s volume of 584,960 shares.The stock last traded at $28.95 and had previously closed at $28.89.

SPDR Portfolio Corporate Bond ETF Stock Performance

The stock’s 50 day simple moving average is $28.84 and its 200-day simple moving average is $29.17.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Several hedge funds have recently made changes to their positions in SPBO. Ameriprise Financial Inc. raised its position in SPDR Portfolio Corporate Bond ETF by 38.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,205,293 shares of the company’s stock worth $34,533,000 after buying an additional 332,895 shares during the last quarter. Enstar Group LTD purchased a new position in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter worth $7,916,000. Birmingham Capital Management Co. Inc. AL acquired a new position in SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at $5,384,000. Arkansas Financial Group Inc. grew its position in SPDR Portfolio Corporate Bond ETF by 39.2% during the 4th quarter. Arkansas Financial Group Inc. now owns 462,865 shares of the company’s stock worth $13,256,000 after purchasing an additional 130,419 shares during the period. Finally, Avior Wealth Management LLC grew its position in SPDR Portfolio Corporate Bond ETF by 28.0% during the 3rd quarter. Avior Wealth Management LLC now owns 23,617 shares of the company’s stock worth $709,000 after purchasing an additional 5,165 shares during the period.

SPDR Portfolio Corporate Bond ETF Company Profile

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.