SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Strong Trading Volume – Here’s What Happened

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) shares saw unusually-high trading volume on Friday . Approximately 2,472,710 shares were traded during mid-day trading, an increase of 278% from the previous session’s volume of 653,753 shares.The stock last traded at $28.00 and had previously closed at $28.18.

SPDR Portfolio Corporate Bond ETF Stock Up 0.1 %

The stock’s 50 day simple moving average is $28.87 and its two-hundred day simple moving average is $29.01.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in SPDR Portfolio Corporate Bond ETF by 3.7% in the 4th quarter. Farther Finance Advisors LLC now owns 15,144 shares of the company’s stock valued at $434,000 after buying an additional 546 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of SPDR Portfolio Corporate Bond ETF by 108.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,113 shares of the company’s stock valued at $61,000 after acquiring an additional 1,101 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 17.5% in the fourth quarter. Parallel Advisors LLC now owns 17,057 shares of the company’s stock valued at $489,000 after purchasing an additional 2,544 shares during the period. Private Trust Co. NA increased its position in SPDR Portfolio Corporate Bond ETF by 22.9% during the fourth quarter. Private Trust Co. NA now owns 13,678 shares of the company’s stock worth $392,000 after purchasing an additional 2,553 shares during the last quarter. Finally, Arkansas Financial Group Inc. raised its stake in SPDR Portfolio Corporate Bond ETF by 39.2% during the fourth quarter. Arkansas Financial Group Inc. now owns 462,865 shares of the company’s stock worth $13,256,000 after purchasing an additional 130,419 shares during the period.

About SPDR Portfolio Corporate Bond ETF

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.