SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw an uptick in trading volume on Wednesday . 3,633,419 shares were traded during trading, an increase of 10% from the previous session’s volume of 3,312,509 shares.The stock last traded at $29.94 and had previously closed at $29.92.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The company has a 50-day moving average of $30.02 and a two-hundred day moving average of $30.14.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 17.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock worth $67,000 after buying an additional 334 shares during the last quarter. RDA Financial Network increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.4% during the 4th quarter. RDA Financial Network now owns 10,475 shares of the company’s stock worth $316,000 after buying an additional 340 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.2% during the 4th quarter. Great Valley Advisor Group Inc. now owns 8,542 shares of the company’s stock worth $258,000 after buying an additional 342 shares during the last quarter. Lake Street Private Wealth LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.2% during the 4th quarter. Lake Street Private Wealth LLC now owns 12,527 shares of the company’s stock worth $378,000 after buying an additional 384 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.5% during the 2nd quarter. Cerity Partners LLC now owns 14,802 shares of the company’s stock worth $447,000 after buying an additional 497 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.