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

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) shares saw unusually-strong trading volume on Thursday . Approximately 3,085,128 shares changed hands during mid-day trading, an increase of 172% from the previous session’s volume of 1,134,528 shares.The stock last traded at $22.74 and had previously closed at $22.78.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

The business’s fifty day moving average is $22.50 and its 200-day moving average is $22.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPLB. Avior Wealth Management LLC purchased a new position in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 4th quarter valued at $135,000. Westside Investment Management Inc. raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 63.8% in 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. Global Financial Private Client LLC lifted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.9% during the 4th quarter. Global Financial Private Client LLC now owns 10,577 shares of the company’s stock valued at $235,000 after acquiring an additional 777 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 177.8% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 12,307 shares of the company’s stock worth $275,000 after purchasing an additional 7,877 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.