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

Shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw unusually-strong trading volume on Friday . Approximately 2,295,935 shares changed hands during mid-day trading, an increase of 160% from the previous session’s volume of 881,646 shares.The stock last traded at $28.66 and had previously closed at $28.60.

SPDR Portfolio Corporate Bond ETF Stock Up 0.1 %

The firm’s 50-day simple moving average is $28.91 and its 200-day simple moving average is $29.28.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 638.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,012 shares of the company’s stock worth $30,000 after acquiring an additional 875 shares during the period. Private Trust Co. NA raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 8.1% in the third quarter. Private Trust Co. NA now owns 11,125 shares of the company’s stock valued at $334,000 after purchasing an additional 832 shares in the last quarter. Farther Finance Advisors LLC lifted its position in SPDR Portfolio Corporate Bond ETF by 14,795.9% in the third quarter. Farther Finance Advisors LLC now owns 14,598 shares of the company’s stock worth $438,000 after purchasing an additional 14,500 shares during the period. Avior Wealth Management LLC boosted its stake in SPDR Portfolio Corporate Bond ETF by 28.0% during the third quarter. Avior Wealth Management LLC now owns 23,617 shares of the company’s stock worth $709,000 after buying an additional 5,165 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. bought a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at $901,000.

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.