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

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw unusually-strong trading volume on Thursday . Approximately 6,126,744 shares changed hands during mid-day trading, an increase of 54% from the previous session’s volume of 3,965,942 shares.The stock last traded at $29.6950 and had previously closed at $29.67.

SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.1%

The firm has a fifty day simple moving average of $29.87 and a two-hundred day simple moving average of $29.96.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of the stock. Certified Advisory Corp raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.8% in the first quarter. Certified Advisory Corp now owns 404,924 shares of the company’s stock worth $12,176,000 after purchasing an additional 29,305 shares during the last quarter. Arrien Investments Inc. boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 55.7% in the first quarter. Arrien Investments Inc. now owns 303,552 shares of the company’s stock valued at $9,128,000 after buying an additional 108,533 shares during the last quarter. LPL Financial LLC boosted 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 valued at $284,649,000 after buying an additional 1,518,271 shares during the last quarter. Zinnia Wealth Advisory LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter worth approximately $1,596,000. Finally, Orange Investment Advisors Inc. increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 2.5% in the 1st quarter. Orange Investment Advisors Inc. now owns 1,163,729 shares of the company’s stock worth $34,993,000 after buying an additional 28,466 shares during the period.

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.