SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Large Volume Increase – Here’s Why

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw unusually-high trading volume on Thursday . 6,126,744 shares changed hands during trading, an increase of 54% from the previous session’s volume of 3,965,942 shares.The stock last traded at $29.6950 and had previously closed at $29.67.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The stock’s 50 day simple moving average is $29.88 and its 200-day simple moving average is $29.97.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Certified Advisory Corp boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.8% in the 1st quarter. Certified Advisory Corp now owns 404,924 shares of the company’s stock valued at $12,176,000 after purchasing an additional 29,305 shares during the period. Arrien Investments Inc. lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 55.7% in the first quarter. Arrien Investments Inc. now owns 303,552 shares of the company’s stock valued at $9,128,000 after buying an additional 108,533 shares during the last quarter. Zinnia Wealth Advisory LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter valued at approximately $1,596,000. LPL Financial LLC boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock valued at $284,649,000 after acquiring an additional 1,518,271 shares during the period. Finally, Revisor Wealth Management LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 33.4% in the 1st quarter. Revisor Wealth Management LLC now owns 215,571 shares of the company’s stock valued at $6,482,000 after acquiring an additional 53,995 shares during the period.

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.