SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Unusually-High Trading Volume – What’s Next?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw unusually-strong trading volume on Wednesday . Approximately 4,180,543 shares were traded during mid-day trading, an increase of 60% from the previous session’s volume of 2,612,881 shares.The stock last traded at $25.26 and had previously closed at $25.12.

SPDR Portfolio Aggregate Bond ETF Stock Performance

The firm’s 50 day simple moving average is $25.14 and its 200 day simple moving average is $25.52.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPAB. Rosenberg Matthew Hamilton lifted its position in SPDR Portfolio Aggregate Bond ETF by 14.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 10,165 shares of the company’s stock valued at $254,000 after buying an additional 1,296 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in SPDR Portfolio Aggregate Bond ETF by 5.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 13,380 shares of the company’s stock valued at $334,000 after acquiring an additional 732 shares in the last quarter. Valley Wealth Managers Inc. lifted its stake in SPDR Portfolio Aggregate Bond ETF by 42.3% in the fourth quarter. Valley Wealth Managers Inc. now owns 13,775 shares of the company’s stock worth $344,000 after acquiring an additional 4,098 shares during the last quarter. Transcend Capital Advisors LLC acquired a new position in SPDR Portfolio Aggregate Bond ETF during the 4th quarter worth approximately $358,000. Finally, Vicus Capital raised its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 6.7% in the 4th quarter. Vicus Capital now owns 17,893 shares of the company’s stock valued at $447,000 after purchasing an additional 1,128 shares in the last quarter.

SPDR Portfolio Aggregate Bond ETF Company Profile

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.