SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) shares saw strong trading volume on Friday. 3,758,091 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 3,290,170 shares. The stock last traded at $24.8750 and had previously closed at $24.89.

SPDR Portfolio Aggregate Bond ETF Trading Up 0.1%

The company has a 50 day moving average price of $24.67 and a 200 day moving average price of $25.31.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

Several institutional investors have recently bought and sold shares of SPAB. Johnson Financial Group Inc. purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the first quarter valued at about $27,000. Compass Financial Management LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter worth about $29,000. Beacon Financial Strategies CORP purchased a new position in SPDR Portfolio Aggregate Bond ETF during the second quarter worth about $33,000. Heritage Family Offices LLP acquired a new stake in SPDR Portfolio Aggregate Bond ETF in the third quarter valued at about $47,000. Finally, Triumph Capital Management lifted its position in SPDR Portfolio Aggregate Bond ETF by 90.0% in the second quarter. Triumph Capital Management now owns 1,970 shares of the company’s stock valued at $50,000 after purchasing an additional 933 shares during the period.

About SPDR Portfolio Aggregate Bond ETF

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.