SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Unusually-High Trading Volume – Should You Buy?

Shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw an uptick in trading volume on Friday . 2,192,954 shares traded hands during trading, an increase of 87% from the previous session’s volume of 1,174,345 shares.The stock last traded at $22.43 and had previously closed at $22.30.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

The stock’s 50 day simple moving average is $22.53 and its two-hundred day simple moving average is $22.94.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPLB. Fourth Dimension Wealth LLC bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter valued at about $777,000. Novem Group bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 4th quarter valued at about $889,000. KKM Financial LLC acquired a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 4th quarter valued at approximately $813,000. Cary Street Partners Financial LLC bought a new position in SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter worth approximately $1,856,000. Finally, IHT Wealth Management LLC grew its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 2.5% during the fourth quarter. IHT Wealth Management LLC now owns 21,498 shares of the company’s stock valued at $478,000 after purchasing an additional 533 shares during the period.

About SPDR Portfolio Long Term Corporate Bond ETF

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.