SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Strong Trading Volume – Here’s Why

Posted by ABMN Staff on Oct 3rd, 2024

Shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) saw strong trading volume on Tuesday . 1,565,797 shares changed hands during trading, an increase of 326% from the previous session’s volume of 367,406 shares.The stock last traded at $29.99 and had previously closed at $30.03.

SPDR Portfolio Corporate Bond ETF Trading Down 0.5 %

The stock’s fifty day simple moving average is $29.70 and its 200-day simple moving average is $29.06.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC acquired a new position in SPDR Portfolio Corporate Bond ETF in the fourth quarter worth about $56,000. Arkansas Financial Group Inc. raised its position in SPDR Portfolio Corporate Bond ETF by 25.5% in the first quarter. Arkansas Financial Group Inc. now owns 248,752 shares of the company’s stock worth $7,241,000 after purchasing an additional 50,585 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in SPDR Portfolio Corporate Bond ETF by 501.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 152,761 shares of the company’s stock worth $4,447,000 after purchasing an additional 127,353 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in SPDR Portfolio Corporate Bond ETF in the first quarter worth about $35,000. Finally, Eldridge Investment Advisors Inc. raised its position in SPDR Portfolio Corporate Bond ETF by 11.9% in the second quarter. Eldridge Investment Advisors Inc. now owns 120,455 shares of the company’s stock worth $3,457,000 after purchasing an additional 12,815 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Company Profile

(Get Free Report)

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.