SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Trading 0.9% Higher – What’s Next?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB)’s stock price traded up 0.9% during trading on Friday . The company traded as high as $23.35 and last traded at $23.32. 1,140,037 shares traded hands during trading, an increase of 31% from the average session volume of 869,016 shares. The stock had previously closed at $23.12.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.9 %

The business’s fifty day simple moving average is $23.68 and its 200 day simple moving average is $23.17.

Institutional Investors Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Strategic Advocates LLC boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 324.0% in the 3rd quarter. Strategic Advocates LLC now owns 649,591 shares of the company’s stock valued at $15,694,000 after purchasing an additional 496,381 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 165,217 shares of the company’s stock valued at $3,726,000 after purchasing an additional 11,803 shares during the last quarter. Fifth Third Securities Inc. boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 22.8% in the 2nd quarter. Fifth Third Securities Inc. now owns 91,853 shares of the company’s stock valued at $2,071,000 after purchasing an additional 17,070 shares during the last quarter. RiverFront Investment Group LLC bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 2nd quarter valued at about $502,000. Finally, Global Financial Private Client LLC bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 1st quarter valued at about $223,000.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

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.