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

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) shares saw an uptick in trading volume on Friday . 5,781,503 shares were traded during trading, an increase of 51% from the previous session’s volume of 3,821,937 shares.The stock last traded at $25.67 and had previously closed at $25.65.

SPDR Portfolio Aggregate Bond ETF Stock Up 0.1%

The firm’s 50 day simple moving average is $25.75 and its 200-day simple moving average is $25.82.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% in the second quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after acquiring an additional 12,031,034 shares during the period. LPL Financial LLC increased its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 7.0% in the 4th quarter. LPL Financial LLC now owns 23,515,369 shares of the company’s stock valued at $605,521,000 after acquiring an additional 1,545,797 shares during the period. Donoghue Forlines LLC purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the 4th quarter valued at $32,772,000. CWM LLC boosted its stake in SPDR Portfolio Aggregate Bond ETF by 7.0% during the 4th quarter. CWM LLC now owns 18,193,758 shares of the company’s stock worth $468,489,000 after purchasing an additional 1,197,111 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its stake in SPDR Portfolio Aggregate Bond ETF by 7.4% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 15,211,308 shares of the company’s stock worth $391,691,000 after purchasing an additional 1,045,991 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.