SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) saw unusually-strong trading volume on Monday . Approximately 2,034,147 shares changed hands during mid-day trading, an increase of 392% from the previous session’s volume of 413,609 shares.The stock last traded at $39.55 and had previously closed at $39.62.

SPDR Doubleline Total Return Tactical ETF Stock Down 0.1%

The stock has a 50 day simple moving average of $39.91 and a 200-day simple moving average of $39.82.

Institutional Investors Weigh In On SPDR Doubleline Total Return Tactical ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cheviot Value Management LLC purchased a new position in SPDR Doubleline Total Return Tactical ETF during the 1st quarter worth $38,465,000. Keystone Financial Group purchased a new stake in SPDR Doubleline Total Return Tactical ETF during the 4th quarter worth approximately $7,584,000. Janney Montgomery Scott LLC increased its stake in SPDR Doubleline Total Return Tactical ETF by 180.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 255,348 shares of the company’s stock valued at $10,288,000 after purchasing an additional 164,190 shares in the last quarter. Diversified Portfolios Inc. raised its holdings in shares of SPDR Doubleline Total Return Tactical ETF by 360.6% in the first quarter. Diversified Portfolios Inc. now owns 108,714 shares of the company’s stock worth $4,380,000 after buying an additional 85,111 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in shares of SPDR Doubleline Total Return Tactical ETF by 9.2% during the first quarter. Horizon Investments LLC now owns 733,837 shares of the company’s stock worth $29,317,000 after buying an additional 61,771 shares during the period.

SPDR Doubleline Total Return Tactical ETF Company Profile

The SPDR DoubleLine Total Return Tactical ETF (TOTL) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed, long-only bond fund that invests in a wide array of fixed income instruments of any maturity and credit quality. TOTL was launched on Feb 23, 2015 and is managed by State Street.