SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Strong Trading Volume – Time to Buy?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw strong trading volume on Wednesday . 6,290,114 shares traded hands during trading, an increase of 195% from the previous session’s volume of 2,134,818 shares.The stock last traded at $29.97 and had previously closed at $29.97.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The firm’s 50-day simple moving average is $29.94 and its two-hundred day simple moving average is $30.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPSB. JPMorgan Chase & Co. boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,112,441 shares of the company’s stock worth $578,725,000 after purchasing an additional 1,253,004 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 8,443.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 307,552 shares of the company’s stock worth $9,313,000 after purchasing an additional 303,952 shares during the last quarter. Captrust Financial Advisors raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 11.9% during the 3rd quarter. Captrust Financial Advisors now owns 41,293 shares of the company’s stock worth $1,250,000 after buying an additional 4,401 shares during the period. BIP Wealth LLC raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 9.5% during the 3rd quarter. BIP Wealth LLC now owns 543,299 shares of the company’s stock worth $16,451,000 after buying an additional 46,944 shares during the period. Finally, STAR Financial Bank acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth $1,460,000.

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.