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

Shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPABGet Free Report) saw unusually-high trading volume on Thursday . Approximately 6,316,421 shares were traded during mid-day trading, an increase of 86% from the previous session’s volume of 3,397,642 shares.The stock last traded at $25.31 and had previously closed at $25.27.

SPDR Portfolio Aggregate Bond ETF Stock Down 0.1%

The stock has a fifty day simple moving average of $25.43 and a 200 day simple moving average of $25.65.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% during the 2nd quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after purchasing an additional 12,031,034 shares during the period. LPL Financial LLC grew its position in SPDR Portfolio Aggregate Bond ETF by 7.0% during the fourth quarter. LPL Financial LLC now owns 23,515,369 shares of the company’s stock valued at $605,521,000 after buying an additional 1,545,797 shares during the period. CWM LLC grew its position in SPDR Portfolio Aggregate Bond ETF by 7.0% during the fourth quarter. CWM LLC now owns 18,193,758 shares of the company’s stock valued at $468,489,000 after buying an additional 1,197,111 shares during the period. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in SPDR Portfolio Aggregate Bond ETF by 7.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 15,211,308 shares of the company’s stock valued at $391,691,000 after buying an additional 1,045,991 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in SPDR Portfolio Aggregate Bond ETF by 5.5% during the fourth quarter. Cerity Partners LLC now owns 11,679,296 shares of the company’s stock valued at $300,742,000 after buying an additional 604,379 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Company Profile

(Get Free Report)

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.

Further Reading

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