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

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw strong trading volume on Friday . 2,295,935 shares traded hands during trading, an increase of 160% from the previous session’s volume of 881,646 shares.The stock last traded at $28.66 and had previously closed at $28.60.

SPDR Portfolio Corporate Bond ETF Stock Performance

The business has a 50-day moving average of $28.92 and a two-hundred day moving average of $29.27.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SPBO. Private Trust Co. NA grew its holdings in SPDR Portfolio Corporate Bond ETF by 8.1% in the third quarter. Private Trust Co. NA now owns 11,125 shares of the company’s stock worth $334,000 after purchasing an additional 832 shares during the last quarter. Avior Wealth Management LLC grew its stake in SPDR Portfolio Corporate Bond ETF by 28.0% during the 3rd quarter. Avior Wealth Management LLC now owns 23,617 shares of the company’s stock worth $709,000 after buying an additional 5,165 shares during the last quarter. Farther Finance Advisors LLC increased its position in SPDR Portfolio Corporate Bond ETF by 14,795.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 14,598 shares of the company’s stock valued at $438,000 after buying an additional 14,500 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in SPDR Portfolio Corporate Bond ETF by 638.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,012 shares of the company’s stock valued at $30,000 after buying an additional 875 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. acquired a new stake in SPDR Portfolio Corporate Bond ETF in the third quarter worth about $901,000.

SPDR Portfolio Corporate Bond ETF Company Profile

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.