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

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw strong trading volume on Friday . 2,472,710 shares were traded during mid-day trading, an increase of 278% from the previous session’s volume of 653,753 shares.The stock last traded at $28.00 and had previously closed at $28.18.

SPDR Portfolio Corporate Bond ETF Stock Performance

The stock has a 50-day simple moving average of $28.87 and a 200 day simple moving average of $29.01.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV boosted its holdings 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 acquiring an additional 1,101 shares during the last quarter. Private Trust Co. NA lifted its position in SPDR Portfolio Corporate Bond ETF by 22.9% during the fourth quarter. Private Trust Co. NA now owns 13,678 shares of the company’s stock valued at $392,000 after purchasing an additional 2,553 shares during the period. Farther Finance Advisors LLC boosted its holdings in SPDR Portfolio Corporate Bond ETF by 3.7% in the fourth quarter. Farther Finance Advisors LLC now owns 15,144 shares of the company’s stock valued at $434,000 after purchasing an additional 546 shares during the last quarter. Parallel Advisors LLC grew its position in SPDR Portfolio Corporate Bond ETF by 17.5% during the 4th quarter. Parallel Advisors LLC now owns 17,057 shares of the company’s stock worth $489,000 after purchasing an additional 2,544 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL purchased a new position in shares of SPDR Portfolio Corporate Bond ETF during the 4th quarter valued at about $5,384,000.

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.