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

Shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw an uptick in trading volume on Wednesday . 1,632,764 shares changed hands during mid-day trading, an increase of 179% from the previous session’s volume of 584,960 shares.The stock last traded at $28.95 and had previously closed at $28.89.

SPDR Portfolio Corporate Bond ETF Stock Down 0.1 %

The stock has a 50 day simple moving average of $28.82 and a 200 day simple moving average of $29.17.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SPBO. Creative Financial Designs Inc. ADV grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 108.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,113 shares of the company’s stock valued at $61,000 after buying an additional 1,101 shares during the last quarter. Private Trust Co. NA lifted its position in SPDR Portfolio Corporate Bond ETF by 8.1% in the 3rd quarter. Private Trust Co. NA now owns 11,125 shares of the company’s stock valued at $334,000 after acquiring an additional 832 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in SPDR Portfolio Corporate Bond ETF by 3.7% during the 4th quarter. Farther Finance Advisors LLC now owns 15,144 shares of the company’s stock valued at $434,000 after purchasing an additional 546 shares during the last quarter. Parallel Advisors LLC increased its holdings in SPDR Portfolio Corporate Bond ETF by 17.5% during the 4th quarter. Parallel Advisors LLC now owns 17,057 shares of the company’s stock worth $489,000 after purchasing an additional 2,544 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 28.0% in the third quarter. Avior Wealth Management LLC now owns 23,617 shares of the company’s stock worth $709,000 after purchasing an additional 5,165 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Company Profile

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.