SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Strong Trading Volume

Shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw an uptick in trading volume on Friday . 1,072,078 shares were traded during trading, an increase of 42% from the previous session’s volume of 755,186 shares.The stock last traded at $22.13 and had previously closed at $22.04.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

The business’s 50-day simple moving average is $22.84 and its 200 day simple moving average is $22.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPLB. Bank of New York Mellon Corp grew its position in SPDR Portfolio Long Term Corporate Bond ETF by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 150,295 shares of the company’s stock valued at $4,177,000 after acquiring an additional 2,202 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 42,640.2% in the second quarter. JPMorgan Chase & Co. now owns 35,047 shares of the company’s stock worth $844,000 after purchasing an additional 34,965 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the first quarter worth approximately $72,000. Ameriprise Financial Inc. grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 73.6% in the first quarter. Ameriprise Financial Inc. now owns 54,566 shares of the company’s stock worth $1,289,000 after purchasing an additional 23,142 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 44.5% in the second quarter. IHT Wealth Management LLC now owns 27,900 shares of the company’s stock worth $649,000 after purchasing an additional 8,588 shares during the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

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.