SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Large Volume Increase – Should You Buy?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw an uptick in trading volume on Friday . Approximately 4,525,447 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 3,731,023 shares.The stock last traded at $29.7250 and had previously closed at $29.72.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $29.90 and its 200 day moving average is $29.99.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 7.5% during the 3rd quarter. Creative Planning now owns 48,756,348 shares of the company’s stock valued at $1,476,830,000 after acquiring an additional 3,401,784 shares during the period. Bank of America Corp DE grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.9% in the first quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock worth $223,611,000 after purchasing an additional 2,573,239 shares during the last quarter. LPL Financial LLC grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock worth $284,649,000 after buying an additional 1,518,271 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,677,610 shares of the company’s stock valued at $111,064,000 after buying an additional 1,269,768 shares during the period. Finally, SoundView Advisors Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $30,807,000.

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.