SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Strong Trading Volume – Here’s Why

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLBGet Free Report) shares saw an uptick in trading volume on Thursday . 3,085,128 shares traded hands during mid-day trading, an increase of 172% from the previous session’s volume of 1,134,528 shares.The stock last traded at $22.74 and had previously closed at $22.78.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

The company’s 50 day simple moving average is $22.46 and its 200 day simple moving average is $22.99.

Institutional Investors Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter valued at $36,000. SBI Securities Co. Ltd. acquired a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter worth about $135,000. Westside Investment Management Inc. increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 63.8% during the third quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock worth $204,000 after acquiring an additional 3,282 shares during the period. Global Financial Private Client LLC increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.9% during the fourth quarter. Global Financial Private Client LLC now owns 10,577 shares of the company’s stock worth $235,000 after acquiring an additional 777 shares during the period. Finally, Concourse Financial Group Securities Inc. increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 177.8% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 12,307 shares of the company’s stock worth $275,000 after acquiring an additional 7,877 shares during the period.

About SPDR Portfolio Long Term Corporate Bond ETF

(Get Free Report)

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.

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