SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Unusually-High Trading Volume – Still a Buy?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) shares saw strong trading volume on Monday . Approximately 5,379,775 shares were traded during trading, an increase of 58% from the previous session’s volume of 3,403,572 shares.The stock last traded at $29.95 and had previously closed at $29.94.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The business has a 50-day moving average of $29.93 and a 200 day moving average of $30.03.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 7.5% during the third quarter. Creative Planning now owns 48,756,348 shares of the company’s stock valued at $1,476,830,000 after buying an additional 3,401,784 shares in the last quarter. Bank of America Corp DE raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 52.9% in the first quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock worth $223,611,000 after acquiring an additional 2,573,239 shares in the last quarter. LPL Financial LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock worth $284,649,000 after acquiring an additional 1,518,271 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 52.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,677,610 shares of the company’s stock valued at $111,064,000 after acquiring an additional 1,269,768 shares during the last quarter. Finally, SoundView Advisors Inc. acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter valued at about $30,807,000.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.