SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Sees Unusually-High Trading Volume – Still a Buy?

SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) saw strong trading volume on Thursday . Approximately 270,971 shares were traded during mid-day trading, a decline of 41% from the previous session’s volume of 455,777 shares.The stock last traded at $38.09 and had previously closed at $37.96.

SPDR Doubleline Total Return Tactical ETF Price Performance

The firm has a 50-day moving average of $38.70 and a 200-day moving average of $39.28.

Hedge Funds Weigh In On SPDR Doubleline Total Return Tactical ETF

A number of hedge funds have recently bought and sold shares of TOTL. Janney Montgomery Scott LLC grew its holdings in shares of SPDR Doubleline Total Return Tactical ETF by 213.8% in the first quarter. Janney Montgomery Scott LLC now owns 956,335 shares of the company’s stock worth $37,995,000 after acquiring an additional 651,600 shares during the period. ADG Wealth Management Group LLC boosted its position in SPDR Doubleline Total Return Tactical ETF by 1,575.2% in the first quarter. ADG Wealth Management Group LLC now owns 96,976 shares of the company’s stock worth $3,853,000 after purchasing an additional 91,187 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of SPDR Doubleline Total Return Tactical ETF by 8.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 337,663 shares of the company’s stock valued at $13,415,000 after purchasing an additional 26,056 shares during the period. Bank of New York Mellon Corp grew its stake in shares of SPDR Doubleline Total Return Tactical ETF by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 824,067 shares of the company’s stock valued at $32,740,000 after purchasing an additional 25,859 shares during the period. Finally, Vicus Capital grew its stake in shares of SPDR Doubleline Total Return Tactical ETF by 5.6% during the 1st quarter. Vicus Capital now owns 319,644 shares of the company’s stock valued at $12,699,000 after purchasing an additional 16,811 shares during the period.

SPDR Doubleline Total Return Tactical ETF Company Profile

The SPDR DoubleLine Total Return Tactical ETF (TOTL) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed, long-only bond fund that invests in a wide array of fixed income instruments of any maturity and credit quality. TOTL was launched on Feb 23, 2015 and is managed by State Street.