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) saw unusually-high trading volume on Friday . Approximately 2,192,954 shares traded hands during trading, an increase of 87% from the previous session’s volume of 1,174,345 shares.The stock last traded at $22.43 and had previously closed at $22.30.

SPDR Portfolio Long Term Corporate Bond ETF Stock Up 0.8 %

The company’s 50 day simple moving average is $22.54 and its 200-day simple moving average is $22.92.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SPLB. BNP Paribas Financial Markets bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter worth approximately $3,240,000. Integrated Wealth Concepts LLC raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 2.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 43,296 shares of the company’s stock worth $1,046,000 after purchasing an additional 986 shares during the period. IHT Wealth Management LLC lifted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 43.5% in the third quarter. IHT Wealth Management LLC now owns 20,965 shares of the company’s stock worth $507,000 after purchasing an additional 6,354 shares during the last quarter. Westside Investment Management Inc. boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 63.8% during the third quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock valued at $204,000 after buying an additional 3,282 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 27.7% during the third quarter. JPMorgan Chase & Co. now owns 128,689 shares of the company’s stock valued at $3,109,000 after buying an additional 27,936 shares during the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

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.