SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Strong Trading Volume

Shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw unusually-strong trading volume on Tuesday . Approximately 4,732,554 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 2,664,339 shares.The stock last traded at $24.71 and had previously closed at $24.65.

SPDR Portfolio Aggregate Bond ETF Price Performance

The company has a fifty day simple moving average of $25.05 and a 200-day simple moving average of $24.97.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPAB. Syon Capital LLC grew its position in SPDR Portfolio Aggregate Bond ETF by 1,579.5% during the 4th quarter. Syon Capital LLC now owns 3,470,955 shares of the company’s stock worth $88,995,000 after purchasing an additional 3,264,288 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in SPDR Portfolio Aggregate Bond ETF during the 3rd quarter worth approximately $19,083,000. Tidemark LLC purchased a new position in SPDR Portfolio Aggregate Bond ETF during the 4th quarter worth approximately $13,333,000. Bull Oak Capital LLC grew its position in SPDR Portfolio Aggregate Bond ETF by 172.2% during the 1st quarter. Bull Oak Capital LLC now owns 528,340 shares of the company’s stock worth $13,356,000 after purchasing an additional 334,226 shares in the last quarter. Finally, Tsfg LLC grew its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 2,254.1% during the 1st quarter. Tsfg LLC now owns 341,151 shares of the company’s stock valued at $8,624,000 after acquiring an additional 326,659 shares in the last quarter.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.