SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Sees Large Volume Increase – Still a Buy?

SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) shares saw unusually-high trading volume on Wednesday. 1,456,354 shares changed hands during mid-day trading, an increase of 213% from the previous session’s volume of 465,981 shares. The stock last traded at $37.79 and had previously closed at $38.06.

SPDR Doubleline Total Return Tactical ETF Trading Down 0.4%

The company has a 50-day moving average of $38.60 and a 200 day moving average of $39.20.

Hedge Funds Weigh In On SPDR Doubleline Total Return Tactical ETF

Several institutional investors have recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of SPDR Doubleline Total Return Tactical ETF by 6.9% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 360,810 shares of the company’s stock valued at $14,241,000 after buying an additional 23,147 shares during the last quarter. Pointe Capital Management LLC grew its holdings in SPDR Doubleline Total Return Tactical ETF by 8.7% during the 2nd quarter. Pointe Capital Management LLC now owns 39,926 shares of the company’s stock worth $1,576,000 after acquiring an additional 3,191 shares during the last quarter. Principia Wealth Advisory LLC increased its position in SPDR Doubleline Total Return Tactical ETF by 17.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 52,765 shares of the company’s stock valued at $2,083,000 after acquiring an additional 7,750 shares in the last quarter. Strategic Investment Advisors MI increased its position in SPDR Doubleline Total Return Tactical ETF by 184.2% in the 1st quarter. Strategic Investment Advisors MI now owns 15,701 shares of the company’s stock valued at $624,000 after acquiring an additional 10,177 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of SPDR Doubleline Total Return Tactical ETF by 2.1% in the first quarter. Arkadios Wealth Advisors now owns 18,184 shares of the company’s stock worth $722,000 after acquiring an additional 373 shares during the last quarter.

About SPDR Doubleline Total Return Tactical ETF

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.