SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) shares saw unusually-high trading volume on Thursday . Approximately 270,971 shares changed hands during mid-day trading, a decline of 41% from the previous session’s volume of 455,777 shares.The stock last traded at $38.09 and had previously closed at $37.96.

SPDR Doubleline Total Return Tactical ETF Trading Up 0.3%

The company’s 50-day simple moving average is $38.74 and its 200-day simple moving average is $39.31.

Hedge Funds Weigh In On SPDR Doubleline Total Return Tactical ETF

A number of institutional investors have recently bought and sold shares of TOTL. Janney Montgomery Scott LLC increased its holdings in shares of SPDR Doubleline Total Return Tactical ETF by 213.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 956,335 shares of the company’s stock worth $37,995,000 after acquiring an additional 651,600 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of SPDR Doubleline Total Return Tactical ETF by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 824,067 shares of the company’s stock worth $32,740,000 after buying an additional 25,859 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of SPDR Doubleline Total Return Tactical ETF by 6.9% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 360,810 shares of the company’s stock worth $14,241,000 after buying an additional 23,147 shares during the period. Vicus Capital raised its holdings in SPDR Doubleline Total Return Tactical ETF by 5.6% in the 1st quarter. Vicus Capital now owns 319,644 shares of the company’s stock valued at $12,699,000 after acquiring an additional 16,811 shares during the period. Finally, Diversified Portfolios Inc. lifted its position in SPDR Doubleline Total Return Tactical ETF by 4.3% during the fourth quarter. Diversified Portfolios Inc. now owns 175,789 shares of the company’s stock worth $7,076,000 after acquiring an additional 7,193 shares during the last quarter.

About SPDR Doubleline Total Return Tactical ETF

The SPDR DoubleLine Total Return Tactical ETF (TOTL) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed, long-only bond fund that invests in a wide array of fixed income instruments of any maturity and credit quality. TOTL was launched on Feb 23, 2015 and is managed by State Street.