SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Large Volume Increase – Should You Buy?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) shares saw strong trading volume on Tuesday. 10,525,695 shares changed hands during mid-day trading, an increase of 161% from the average daily volume of 4,039,535 shares. The stock last traded at $29.6350 and had previously closed at $29.63.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.0%

The company’s 50 day moving average price is $29.69 and its 200 day moving average price is $29.96.

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

Institutional investors have recently modified their holdings of the business. Rodgers & Associates LTD grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 5.9% in the second quarter. Rodgers & Associates LTD now owns 1,764,606 shares of the company’s stock valued at $52,956,000 after acquiring an additional 98,891 shares in the last quarter. Mascoma Wealth Management LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 59.3% in the first quarter. Mascoma Wealth Management LLC now owns 124,671 shares of the company’s stock valued at $3,749,000 after purchasing an additional 46,405 shares during the period. Capital Wealth Management LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.9% in the second quarter. Capital Wealth Management LLC now owns 1,227,718 shares of the company’s stock valued at $36,844,000 after purchasing an additional 56,973 shares during the period. NewEdge Advisors LLC grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 42.4% during the 2nd quarter. NewEdge Advisors LLC now owns 113,154 shares of the company’s stock valued at $3,396,000 after purchasing an additional 33,667 shares in the last quarter. Finally, State Street Corp grew 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 valued at $105,941,000 after purchasing an additional 269,832 shares in the last quarter.

About SPDR Portfolio Short Term Corporate Bond ETF

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.