SPDR Bloomberg International Treasury Bond ETF (NYSEARCA:BWX) Sees Unusually-High Trading Volume – Still a Buy?

Shares of SPDR Bloomberg International Treasury Bond ETF (NYSEARCA:BWX) saw strong trading volume on Tuesday . 12,748,110 shares traded hands during trading, an increase of 2,233% from the previous session’s volume of 546,521 shares.The stock last traded at $23.00 and had previously closed at $22.81.

SPDR Bloomberg International Treasury Bond ETF Trading Up 1.0%

The company has a 50-day moving average price of $22.48 and a 200-day moving average price of $22.75.

Hedge Funds Weigh In On SPDR Bloomberg International Treasury Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of SPDR Bloomberg International Treasury Bond ETF by 681.3% in the 2nd quarter. Allworth Financial LP now owns 1,047 shares of the company’s stock valued at $25,000 after buying an additional 913 shares in the last quarter. Keener Financial Planning LLC bought a new stake in shares of SPDR Bloomberg International Treasury Bond ETF in the second quarter worth about $27,000. TD Private Client Wealth LLC acquired a new stake in shares of SPDR Bloomberg International Treasury Bond ETF during the third quarter worth about $28,000. Flagship Harbor Advisors LLC bought a new position in shares of SPDR Bloomberg International Treasury Bond ETF during the 4th quarter valued at about $29,000. Finally, Center for Financial Planning Inc. acquired a new position in shares of SPDR Bloomberg International Treasury Bond ETF in the 2nd quarter valued at approximately $33,000. 73.32% of the stock is owned by institutional investors.

SPDR Bloomberg International Treasury Bond ETF Company Profile

SPDR Barclays Capital International Treasury Bond ETF, formerly SPDR Lehman International Treasury Bond ETF is engaged in providing investment results that corresponds to the price and yield performance of the Barclays Capital Global Treasury ex-US Capped Index. The Barclays Capital Global Treasury Ex-US Capped Index includes government bonds issued by investment-grade countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated investment grade.