SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Large Volume Increase – Time to Buy?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw an uptick in trading volume on Tuesday . 2,007,379 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 1,060,252 shares.The stock last traded at $22.54 and had previously closed at $22.67.

SPDR Portfolio Long Term Corporate Bond ETF Trading Down 0.7 %

The company’s fifty day moving average price is $22.41 and its 200-day moving average price is $23.05.

Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in SPLB. Private Trust Co. NA raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 30.1% in the 3rd quarter. Private Trust Co. NA now owns 32,723 shares of the company’s stock worth $791,000 after buying an additional 7,574 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the third quarter valued at approximately $3,240,000. Integrated Wealth Concepts LLC raised its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 2.3% during the third quarter. Integrated Wealth Concepts LLC now owns 43,296 shares of the company’s stock valued at $1,046,000 after purchasing an additional 986 shares during the last quarter. IHT Wealth Management LLC lifted its position in SPDR Portfolio Long Term Corporate Bond ETF by 43.5% during the third quarter. IHT Wealth Management LLC now owns 20,965 shares of the company’s stock valued at $507,000 after purchasing an additional 6,354 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 63.8% in the third quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock worth $204,000 after purchasing an additional 3,282 shares during the last quarter.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.