SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Strong Trading Volume – Here’s Why

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw unusually-high trading volume on Friday. 5,223,787 shares traded hands during trading, an increase of 27% from the previous session’s volume of 4,105,817 shares. The stock last traded at $29.5850 and had previously closed at $29.61.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.1%

The business has a 50-day simple moving average of $29.78 and a 200 day simple moving average of $29.91.

Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valmark Advisers Inc. boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.5% during the 1st quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock valued at $274,454,000 after purchasing an additional 389,971 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.9% in the first quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock worth $223,611,000 after purchasing an additional 2,573,239 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.1% in the second quarter. Baird Financial Group Inc. now owns 6,659,159 shares of the company’s stock valued at $199,841,000 after purchasing an additional 663,851 shares during the period. Envestnet Asset Management Inc. grew its stake in SPDR Portfolio Short Term Corporate Bond ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 5,899,175 shares of the company’s stock worth $177,034,000 after purchasing an additional 593,008 shares in the last quarter. Finally, State Street Corp increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 8.3% during the 2nd quarter. State Street Corp now owns 3,530,180 shares of the company’s stock worth $105,941,000 after purchasing an additional 269,832 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.