SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Strong Trading Volume – Here’s Why

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) shares saw strong trading volume on Wednesday . 4,180,543 shares traded hands during trading, an increase of 60% from the previous session’s volume of 2,612,881 shares.The stock last traded at $25.26 and had previously closed at $25.12.

SPDR Portfolio Aggregate Bond ETF Price Performance

The company’s 50 day moving average is $25.12 and its 200 day moving average is $25.51.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of SPDR Portfolio Aggregate Bond ETF by 39.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,808,168 shares of the company’s stock valued at $73,406,000 after purchasing an additional 788,242 shares during the last quarter. Tsfg LLC lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 2.9% in the third quarter. Tsfg LLC now owns 429,954 shares of the company’s stock valued at $11,239,000 after buying an additional 12,105 shares during the period. Natixis Advisors LLC boosted its position in SPDR Portfolio Aggregate Bond ETF by 3.6% during the third quarter. Natixis Advisors LLC now owns 41,262 shares of the company’s stock valued at $1,079,000 after acquiring an additional 1,417 shares during the last quarter. Great Lakes Retirement Inc. grew its holdings in SPDR Portfolio Aggregate Bond ETF by 2.5% during the 3rd quarter. Great Lakes Retirement Inc. now owns 2,014,851 shares of the company’s stock worth $52,668,000 after acquiring an additional 48,702 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of SPDR Portfolio Aggregate Bond ETF by 70.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,008,603 shares of the company’s stock worth $26,365,000 after acquiring an additional 418,108 shares in 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.