SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Unusually-High Trading Volume – Here’s Why

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw strong trading volume on Monday . Approximately 3,671,411 shares were traded during trading, an increase of 463% from the previous session’s volume of 652,362 shares.The stock last traded at $29.19 and had previously closed at $29.15.

SPDR Portfolio Corporate Bond ETF Stock Up 0.1%

The firm’s 50 day moving average price is $29.00 and its two-hundred day moving average price is $29.21.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF during the first quarter worth $142,000. Summit Financial Wealth Advisors LLC lifted its stake in shares of SPDR Portfolio Corporate Bond ETF by 9.6% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 1,126,788 shares of the company’s stock valued at $32,711,000 after purchasing an additional 99,072 shares during the last quarter. Strategic Investment Advisors MI lifted its stake in shares of SPDR Portfolio Corporate Bond ETF by 60.9% in the 1st quarter. Strategic Investment Advisors MI now owns 53,190 shares of the company’s stock valued at $1,542,000 after purchasing an additional 20,139 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 29.8% during the 1st quarter. Royal Bank of Canada now owns 340,386 shares of the company’s stock worth $9,881,000 after purchasing an additional 78,224 shares during the period. Finally, Gateway Wealth Partners LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter worth about $459,000.

SPDR Portfolio Corporate Bond ETF Company Profile

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.