SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw an uptick in trading volume on Wednesday . 4,823,319 shares traded hands during mid-day trading, an increase of 276% from the previous session’s volume of 1,284,328 shares.The stock last traded at $21.77 and had previously closed at $21.47.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

The firm’s 50-day simple moving average is $22.52 and its 200-day simple moving average is $22.81.

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

Large investors have recently bought and sold shares of the stock. Avior Wealth Management LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter worth $36,000. SBI Securities Co. Ltd. purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 4th quarter worth about $135,000. Westside Investment Management Inc. lifted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 63.8% in the 3rd quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock worth $204,000 after purchasing an additional 3,282 shares during the period. Global Financial Private Client LLC boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.9% during the 4th quarter. Global Financial Private Client LLC now owns 10,577 shares of the company’s stock valued at $235,000 after purchasing an additional 777 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. increased its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 177.8% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 12,307 shares of the company’s stock valued at $275,000 after buying an additional 7,877 shares during the period.

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.