SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Unusually-High Trading Volume – Still a Buy?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) shares saw strong trading volume on Wednesday . 3,079,952 shares changed hands during trading, an increase of 18% from the previous session’s volume of 2,617,912 shares.The stock last traded at $25.72 and had previously closed at $25.75.

SPDR Portfolio Aggregate Bond ETF Stock Performance

The business’s 50-day simple moving average is $25.99 and its two-hundred day simple moving average is $25.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. 1620 Investment Advisors Inc. acquired a new position in SPDR Portfolio Aggregate Bond ETF during the second quarter valued at approximately $29,000. Gleason Group Inc. acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter worth $151,000. AMJ Financial Wealth Management lifted its position in shares of SPDR Portfolio Aggregate Bond ETF by 20.7% during the first quarter. AMJ Financial Wealth Management now owns 11,768 shares of the company’s stock worth $297,000 after purchasing an additional 2,016 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the first quarter worth $349,000. Finally, Waterloo Capital L.P. lifted its position in shares of SPDR Portfolio Aggregate Bond ETF by 66.9% during the second quarter. Waterloo Capital L.P. now owns 22,585 shares of the company’s stock worth $567,000 after purchasing an additional 9,050 shares in the last quarter.

About SPDR Portfolio Aggregate Bond ETF

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.