SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Strong Trading Volume – Still a Buy?

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw unusually-strong trading volume on Tuesday . Approximately 351,914 shares changed hands during trading, a decline of 7% from the previous session’s volume of 376,812 shares.The stock last traded at $29.30 and had previously closed at $29.30.

SPDR Portfolio Corporate Bond ETF Trading Down 0.2 %

The firm has a fifty day moving average price of $29.80 and a 200 day moving average price of $29.12.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 2nd quarter worth about $26,000. Richardson Financial Services Inc. purchased a new position in shares of SPDR Portfolio Corporate Bond ETF in the first quarter valued at approximately $35,000. Parallel Advisors LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the second quarter valued at approximately $273,000. Sanibel Captiva Trust Company Inc. purchased a new stake in SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth approximately $901,000. Finally, Eldridge Investment Advisors Inc. boosted its position in SPDR Portfolio Corporate Bond ETF by 11.9% in the 2nd quarter. Eldridge Investment Advisors Inc. now owns 120,455 shares of the company’s stock valued at $3,457,000 after buying an additional 12,815 shares during the period.

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.