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

Shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw unusually-strong trading volume on Friday . Approximately 2,295,935 shares were traded during mid-day trading, an increase of 160% from the previous session’s volume of 881,646 shares.The stock last traded at $28.66 and had previously closed at $28.60.

SPDR Portfolio Corporate Bond ETF Stock Performance

The stock’s 50-day moving average price is $28.91 and its 200-day moving average price is $29.28.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Arkansas Financial Group Inc. increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 23.6% in the 3rd quarter. Arkansas Financial Group Inc. now owns 332,446 shares of the company’s stock valued at $9,983,000 after buying an additional 63,452 shares during the period. Sanibel Captiva Trust Company Inc. acquired a new stake in SPDR Portfolio Corporate Bond ETF in the third quarter worth about $901,000. Creative Financial Designs Inc. ADV raised its holdings in SPDR Portfolio Corporate Bond ETF by 638.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,012 shares of the company’s stock worth $30,000 after purchasing an additional 875 shares during the last quarter. Farther Finance Advisors LLC lifted its position in SPDR Portfolio Corporate Bond ETF by 14,795.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 14,598 shares of the company’s stock valued at $438,000 after purchasing an additional 14,500 shares during the period. Finally, Avior Wealth Management LLC boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 28.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,617 shares of the company’s stock valued at $709,000 after purchasing an additional 5,165 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Company Profile

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.