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

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) shares saw unusually-high trading volume on Thursday . Approximately 449,523 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 576,199 shares.The stock last traded at $28.89 and had previously closed at $28.96.

SPDR Portfolio Corporate Bond ETF Trading Down 0.1%

The stock’s 50 day moving average price is $29.34 and its 200 day moving average price is $29.47.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1225 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. North Dakota State Investment Board acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at $31,953,000. Ameriprise Financial Inc. grew its stake in shares of SPDR Portfolio Corporate Bond ETF by 15.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock valued at $217,450,000 after buying an additional 988,964 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of SPDR Portfolio Corporate Bond ETF by 58.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock worth $69,978,000 after buying an additional 866,827 shares during the last quarter. Tradewinds Capital Management LLC increased its holdings in shares of SPDR Portfolio Corporate Bond ETF by 491.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 755,118 shares of the company’s stock worth $22,155,000 after buying an additional 627,359 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter worth $10,376,000.

About SPDR Portfolio Corporate Bond ETF

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.