SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) saw unusually-high trading volume on Wednesday . Approximately 1,456,354 shares traded hands during mid-day trading, an increase of 213% from the previous session’s volume of 465,981 shares.The stock last traded at $37.79 and had previously closed at $38.06.

SPDR Doubleline Total Return Tactical ETF Price Performance

The firm has a 50 day moving average price of $38.66 and a 200 day moving average price of $39.24.

Institutional Investors Weigh In On SPDR Doubleline Total Return Tactical ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of SPDR Doubleline Total Return Tactical ETF by 213.8% during the first quarter. Janney Montgomery Scott LLC now owns 956,335 shares of the company’s stock worth $37,995,000 after purchasing an additional 651,600 shares in the last quarter. ADG Wealth Management Group LLC lifted its holdings in SPDR Doubleline Total Return Tactical ETF by 1,575.2% in the 1st quarter. ADG Wealth Management Group LLC now owns 96,976 shares of the company’s stock worth $3,853,000 after purchasing an additional 91,187 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in SPDR Doubleline Total Return Tactical ETF by 8.4% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 337,663 shares of the company’s stock worth $13,415,000 after purchasing an additional 26,056 shares during the period. Bank of New York Mellon Corp boosted its stake in SPDR Doubleline Total Return Tactical ETF by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 824,067 shares of the company’s stock worth $32,740,000 after purchasing an additional 25,859 shares during the period. Finally, Vicus Capital boosted its stake in SPDR Doubleline Total Return Tactical ETF by 5.6% in the 1st quarter. Vicus Capital now owns 319,644 shares of the company’s stock worth $12,699,000 after purchasing an additional 16,811 shares during the period.

About SPDR Doubleline Total Return Tactical ETF

The SPDR DoubleLine Total Return Tactical ETF (TOTL) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed, long-only bond fund that invests in a wide array of fixed income instruments of any maturity and credit quality. TOTL was launched on Feb 23, 2015 and is managed by State Street.