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

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) shares saw strong trading volume on Monday . 6,076,359 shares changed hands during mid-day trading, an increase of 442% from the previous session’s volume of 1,121,291 shares.The stock last traded at $29.04 and had previously closed at $28.95.

SPDR Portfolio Corporate Bond ETF Stock Performance

The firm has a 50 day simple moving average of $28.79 and a two-hundred day simple moving average of $29.20.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in SPDR Portfolio Corporate Bond ETF by 3.7% during 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 during the period. Private Trust Co. NA boosted its holdings 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 acquiring an additional 832 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 108.8% during the fourth 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 period. Parallel Advisors LLC raised its holdings in SPDR Portfolio Corporate Bond ETF by 17.5% during the fourth quarter. Parallel Advisors LLC now owns 17,057 shares of the company’s stock worth $489,000 after purchasing an additional 2,544 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings 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 purchasing an additional 5,165 shares in the last quarter.

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.