SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Large Volume Increase – Time to Buy?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw unusually-strong trading volume on Wednesday . Approximately 4,823,319 shares traded hands during mid-day trading, an increase of 276% from the previous session’s volume of 1,284,328 shares.The stock last traded at $21.77 and had previously closed at $21.47.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.5 %

The company’s fifty day moving average is $22.49 and its 200 day moving average is $22.77.

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

Institutional investors have recently bought and sold shares of the stock. Avior Wealth Management LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter valued at $36,000. SBI Securities Co. Ltd. bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter valued at about $135,000. Westside Investment Management Inc. grew its stake in shares of 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 last quarter. Global Financial Private Client LLC increased its holdings 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 valued at $235,000 after purchasing an additional 777 shares during the period. Finally, Concourse Financial Group Securities Inc. raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 177.8% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 12,307 shares of the company’s stock valued at $275,000 after purchasing an additional 7,877 shares during the last quarter.

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.