SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Large Volume Increase – Should You Buy?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw strong trading volume on Thursday. 8,832,919 shares changed hands during mid-day trading, an increase of 171% from the previous session’s volume of 3,257,724 shares. The stock last traded at $24.2750 and had previously closed at $24.31.

SPDR Portfolio Aggregate Bond ETF Stock Up 0.1%

The stock has a 50 day simple moving average of $24.88 and a two-hundred day simple moving average of $25.25.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SPAB. Envestnet Asset Management Inc. boosted its holdings in SPDR Portfolio Aggregate Bond ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 9,857,952 shares of the company’s stock valued at $251,575,000 after purchasing an additional 67,300 shares in the last quarter. Bank of America Corp DE grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 23.5% in the 1st quarter. Bank of America Corp DE now owns 5,842,790 shares of the company’s stock valued at $149,692,000 after buying an additional 1,112,552 shares during the last quarter. Tobias Financial Advisors Inc. grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 6.0% in the 2nd quarter. Tobias Financial Advisors Inc. now owns 4,428,126 shares of the company’s stock valued at $113,006,000 after buying an additional 249,337 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in SPDR Portfolio Aggregate Bond ETF by 6.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,206,173 shares of the company’s stock worth $81,822,000 after acquiring an additional 190,995 shares in the last quarter. Finally, Cornerstone Advisors Asset Management LLC boosted its stake in SPDR Portfolio Aggregate Bond ETF by 50.8% in the second quarter. Cornerstone Advisors Asset Management LLC now owns 2,534,062 shares of the company’s stock valued at $64,669,000 after acquiring an additional 853,146 shares in the last quarter.

About SPDR Portfolio Aggregate Bond ETF

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.