SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Strong Trading Volume – What’s Next?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw strong trading volume on Wednesday . 9,635,415 shares changed hands during trading, an increase of 360% from the previous session’s volume of 2,096,021 shares.The stock last traded at $29.99 and had previously closed at $30.01.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The business’s 50-day moving average price is $29.93 and its 200 day moving average price is $30.00.

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

A number of institutional investors have recently modified their holdings of the business. Westside Investment Management Inc. boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 10.1% during the third quarter. Westside Investment Management Inc. now owns 3,800 shares of the company’s stock valued at $115,000 after buying an additional 350 shares in the last quarter. Wells Financial Advisors INC lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 6.8% in the 4th quarter. Wells Financial Advisors INC now owns 5,679 shares of the company’s stock valued at $170,000 after acquiring an additional 361 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 11,821 shares of the company’s stock valued at $353,000 after purchasing an additional 373 shares in the last quarter. Kohmann Bosshard Financial Services LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.4% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 34,401 shares of the company’s stock worth $1,027,000 after purchasing an additional 459 shares during the last quarter. Finally, New Hampshire Trust raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 5.5% in the 4th quarter. New Hampshire Trust now owns 10,306 shares of the company’s stock worth $308,000 after purchasing an additional 540 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.