SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Unusually-High Trading Volume – Should You Buy?

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw unusually-strong trading volume on Tuesday . Approximately 1,392,040 shares traded hands during mid-day trading, an increase of 254% from the previous session’s volume of 393,599 shares.The stock last traded at $29.13 and had previously closed at $29.20.

SPDR Portfolio Corporate Bond ETF Stock Down 0.2 %

The company’s 50 day moving average is $29.75 and its 200 day moving average is $29.15.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arkansas Financial Group Inc. lifted its stake in SPDR Portfolio Corporate Bond ETF by 23.6% in the third quarter. Arkansas Financial Group Inc. now owns 332,446 shares of the company’s stock worth $9,983,000 after acquiring an additional 63,452 shares during the period. Sanibel Captiva Trust Company Inc. purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 3rd quarter worth approximately $901,000. Farther Finance Advisors LLC boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 14,795.9% during the third quarter. Farther Finance Advisors LLC now owns 14,598 shares of the company’s stock valued at $438,000 after purchasing an additional 14,500 shares in the last quarter. Eldridge Investment Advisors Inc. increased its holdings in SPDR Portfolio Corporate Bond ETF by 11.9% during the second quarter. Eldridge Investment Advisors Inc. now owns 120,455 shares of the company’s stock valued at $3,457,000 after buying an additional 12,815 shares during the period. Finally, Parallel Advisors LLC bought a new position in SPDR Portfolio Corporate Bond ETF in the second quarter worth approximately $273,000.

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.