SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Large Volume Increase – Here’s What Happened

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw an uptick in trading volume on Wednesday . 6,640,307 shares were traded during trading, an increase of 436% from the previous session’s volume of 1,238,358 shares.The stock last traded at $22.12 and had previously closed at $22.37.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

The business’s 50-day moving average price is $22.46 and its two-hundred day moving average price is $23.15.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPLB. Avior Wealth Management LLC acquired a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 4th quarter valued at approximately $36,000. Transcendent Capital Group LLC lifted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 130.0% in the third quarter. Transcendent Capital Group LLC now owns 4,071 shares of the company’s stock worth $98,000 after acquiring an additional 2,301 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter valued at $135,000. Westside Investment Management Inc. lifted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 63.8% in the third quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock worth $204,000 after purchasing an additional 3,282 shares during the period. Finally, Global Financial Private Client LLC grew its position in SPDR Portfolio Long Term Corporate Bond ETF by 7.9% in the 4th quarter. Global Financial Private Client LLC now owns 10,577 shares of the company’s stock valued at $235,000 after buying an additional 777 shares in the last quarter.

About SPDR Portfolio Long Term Corporate Bond ETF

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.