SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Large Volume Increase – Time to Buy?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLBGet Free Report) shares saw strong trading volume on Friday . 4,824,073 shares changed hands during trading, an increase of 61% from the previous session’s volume of 3,001,927 shares.The stock last traded at $22.6960 and had previously closed at $22.61.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

The firm’s 50 day moving average price is $22.78 and its two-hundred day moving average price is $22.78.

Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of SPLB. City Center Advisors LLC boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 10.6% during the second quarter. City Center Advisors LLC now owns 15,541 shares of the company’s stock valued at $351,000 after acquiring an additional 1,492 shares during the last quarter. Strategic Advocates LLC lifted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 2.0% in the 2nd quarter. Strategic Advocates LLC now owns 845,820 shares of the company’s stock valued at $19,090,000 after purchasing an additional 16,342 shares during the period. Balefire LLC bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 2nd quarter valued at about $398,000. Signal Advisors Wealth LLC acquired a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the second quarter worth approximately $2,148,000. Finally, Sharkey Howes & Javer acquired a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the second quarter worth approximately $3,050,000.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

(Get Free Report)

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.

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