SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Sees Unusually-High Trading Volume – Still a Buy?

Shares of SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) saw unusually-strong trading volume on Friday . Approximately 874,389 shares traded hands during mid-day trading, an increase of 111% from the previous session’s volume of 415,260 shares.The stock last traded at $39.46 and had previously closed at $39.47.

SPDR Doubleline Total Return Tactical ETF Price Performance

The business has a 50 day simple moving average of $40.21 and a two-hundred day simple moving average of $40.39.

SPDR Doubleline Total Return Tactical ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1584 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Investors Weigh In On SPDR Doubleline Total Return Tactical ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC grew its stake in SPDR Doubleline Total Return Tactical ETF by 18.4% in the 4th quarter. IHT Wealth Management LLC now owns 6,102 shares of the company’s stock worth $246,000 after acquiring an additional 950 shares in the last quarter. Pointe Capital Management LLC raised its stake in shares of SPDR Doubleline Total Return Tactical ETF by 6.5% during the fourth quarter. Pointe Capital Management LLC now owns 33,648 shares of the company’s stock valued at $1,354,000 after acquiring an additional 2,057 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of SPDR Doubleline Total Return Tactical ETF by 1.6% during the fourth quarter. Arkadios Wealth Advisors now owns 17,811 shares of the company’s stock valued at $717,000 after acquiring an additional 286 shares in the last quarter. Boston Family Office LLC purchased a new stake in shares of SPDR Doubleline Total Return Tactical ETF in the fourth quarter valued at approximately $201,000. Finally, Betterment LLC boosted its holdings in shares of SPDR Doubleline Total Return Tactical ETF by 7.6% in the fourth quarter. Betterment LLC now owns 6,185 shares of the company’s stock valued at $249,000 after purchasing an additional 437 shares during the period.

SPDR Doubleline Total Return Tactical ETF Company Profile

The SPDR DoubleLine Total Return Tactical ETF (TOTL) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed, long-only bond fund that invests in a wide array of fixed income instruments of any maturity and credit quality. TOTL was launched on Feb 23, 2015 and is managed by State Street.