Shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB – Get Free Report) saw strong trading volume on Friday . 2,192,954 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 1,174,345 shares.The stock last traded at $22.43 and had previously closed at $22.30.
SPDR Portfolio Long Term Corporate Bond ETF Stock Performance
The business has a fifty day moving average of $22.53 and a 200-day moving average of $22.94.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 27.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 128,689 shares of the company’s stock worth $3,109,000 after purchasing an additional 27,936 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 507.7% in the fourth quarter. Jones Financial Companies Lllp now owns 22,419 shares of the company’s stock worth $498,000 after buying an additional 18,730 shares during the last quarter. Graney & King LLC bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter valued at approximately $3,019,000. Avior Wealth Management LLC purchased a new position in SPDR Portfolio Long Term Corporate Bond ETF in the 4th quarter worth approximately $36,000. Finally, Global Financial Private Client LLC lifted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.9% during the fourth quarter. Global Financial Private Client LLC now owns 10,577 shares of the company’s stock valued at $235,000 after purchasing an additional 777 shares in 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.
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