SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Large Volume Increase – Here’s What Happened

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) shares saw unusually-high trading volume on Friday . Approximately 4,824,073 shares changed hands during mid-day trading, an increase of 61% from the previous session’s volume of 3,001,927 shares.The stock last traded at $22.6960 and had previously closed at $22.61.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.6%

The business has a fifty day moving average price of $22.79 and a 200 day moving average price of $22.77.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Transce3nd LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 68.6% during the second quarter. Transce3nd LLC now owns 1,214 shares of the company’s stock valued at $27,000 after purchasing an additional 494 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 3rd quarter valued at $29,000. Smartleaf Asset Management LLC raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 91.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after purchasing an additional 1,134 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 36.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,617 shares of the company’s stock valued at $59,000 after buying an additional 703 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter valued at approximately $84,000.

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.