SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Strong Trading Volume – What’s Next?

Shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw strong trading volume on Wednesday . 1,632,764 shares traded hands during mid-day trading, an increase of 179% from the previous session’s volume of 584,960 shares.The stock last traded at $28.95 and had previously closed at $28.89.

SPDR Portfolio Corporate Bond ETF Price Performance

The company’s 50 day moving average is $28.82 and its 200 day moving average is $29.17.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 28.0% during the 3rd quarter. Avior Wealth Management LLC now owns 23,617 shares of the company’s stock worth $709,000 after purchasing an additional 5,165 shares in the last quarter. Private Trust Co. NA lifted its position in SPDR Portfolio Corporate Bond ETF by 8.1% during the third quarter. Private Trust Co. NA now owns 11,125 shares of the company’s stock worth $334,000 after purchasing an additional 832 shares during the period. Arkansas Financial Group Inc. grew its stake in SPDR Portfolio Corporate Bond ETF by 39.2% during the fourth quarter. Arkansas Financial Group Inc. now owns 462,865 shares of the company’s stock worth $13,256,000 after buying an additional 130,419 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in SPDR Portfolio Corporate Bond ETF by 3.7% in the 4th quarter. Farther Finance Advisors LLC now owns 15,144 shares of the company’s stock valued at $434,000 after buying an additional 546 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in shares of SPDR Portfolio Corporate Bond ETF by 108.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,113 shares of the company’s stock valued at $61,000 after buying an additional 1,101 shares in the last quarter.

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.