SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Strong Trading Volume – Should You Buy?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw unusually-strong trading volume on Wednesday . Approximately 2,170,691 shares changed hands during trading, an increase of 111% from the previous session’s volume of 1,027,945 shares.The stock last traded at $22.76 and had previously closed at $22.86.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $22.38 and a 200 day simple moving average of $23.08.

Institutional Investors Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

Institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC boosted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 2.5% in the fourth quarter. IHT Wealth Management LLC now owns 21,498 shares of the company’s stock worth $478,000 after buying an additional 533 shares during the period. Global Financial Private Client LLC lifted its position in 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 worth $235,000 after acquiring an additional 777 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 2.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 43,296 shares of the company’s stock worth $1,046,000 after acquiring an additional 986 shares during the period. Avior Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter valued at approximately $36,000. Finally, Transcendent Capital Group LLC raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 130.0% during the third quarter. Transcendent Capital Group LLC now owns 4,071 shares of the company’s stock valued at $98,000 after purchasing an additional 2,301 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.