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

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) shares saw unusually-high trading volume on Thursday . Approximately 6,126,744 shares changed hands during mid-day 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 Up 0.1%

The business’s fifty day moving average price is $29.88 and its 200 day moving average price is $29.97.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SPSB. Certified Advisory Corp lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.8% during the first quarter. Certified Advisory Corp now owns 404,924 shares of the company’s stock worth $12,176,000 after purchasing an additional 29,305 shares during the period. Arrien Investments Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 55.7% in the 1st 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 acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter valued at $1,596,000. LPL Financial LLC increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock valued at $284,649,000 after buying an additional 1,518,271 shares during the period. Finally, Revisor Wealth Management LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 33.4% during the 1st quarter. Revisor Wealth Management LLC now owns 215,571 shares of the company’s stock worth $6,482,000 after buying an additional 53,995 shares during the last quarter.

About SPDR Portfolio Short Term Corporate Bond ETF

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.