SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Large Volume Increase – What’s Next?

Shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw unusually-high trading volume on Friday. Approximately 3,758,091 shares were traded during trading, an increase of 14% from the average daily volume of 3,290,170 shares. The stock last traded at $24.8750 and had previously closed at $24.89.

SPDR Portfolio Aggregate Bond ETF Price Performance

The stock has a fifty day moving average price of $24.67 and a 200-day moving average price of $25.31.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. UNIVEST FINANCIAL Corp acquired a new position in SPDR Portfolio Aggregate Bond ETF in the third quarter valued at $55,787,000. Jacobi Capital Management LLC increased its position in shares of SPDR Portfolio Aggregate Bond ETF by 2.3% during the third quarter. Jacobi Capital Management LLC now owns 311,807 shares of the company’s stock worth $7,596,000 after purchasing an additional 6,919 shares in the last quarter. Brown Financial Advisory increased its position in shares of SPDR Portfolio Aggregate Bond ETF by 105.8% during the third quarter. Brown Financial Advisory now owns 32,416 shares of the company’s stock worth $790,000 after purchasing an additional 16,661 shares in the last quarter. International Private Wealth Advisors LLC increased its position in shares of SPDR Portfolio Aggregate Bond ETF by 16.6% during the third quarter. International Private Wealth Advisors LLC now owns 90,002 shares of the company’s stock worth $2,192,000 after purchasing an additional 12,797 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 20.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 671,847 shares of the company’s stock valued at $16,366,000 after purchasing an additional 114,018 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Company Profile

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.