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

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw unusually-high trading volume on Wednesday . Approximately 9,787,957 shares changed hands during mid-day trading, an increase of 145% from the previous session’s volume of 3,990,296 shares.The stock last traded at $25.57 and had previously closed at $25.62.

SPDR Portfolio Aggregate Bond ETF Stock Down 0.2%

The firm has a fifty day simple moving average of $25.80 and a two-hundred day simple moving average of $25.84.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPAB. Rockefeller Capital Management L.P. grew its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 16.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 975,100 shares of the company’s stock valued at $25,109,000 after buying an additional 137,611 shares during the last quarter. World Investment Advisors raised its stake in SPDR Portfolio Aggregate Bond ETF by 24.9% in the 4th quarter. World Investment Advisors now owns 279,657 shares of the company’s stock worth $7,201,000 after acquiring an additional 55,746 shares during the last quarter. Corient Private Wealth LLC purchased a new position in SPDR Portfolio Aggregate Bond ETF in the 4th quarter worth $19,045,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in SPDR Portfolio Aggregate Bond ETF during the 4th quarter worth about $622,000. Finally, Pure Financial Advisors LLC grew its stake in SPDR Portfolio Aggregate Bond ETF by 1.4% during the 4th quarter. Pure Financial Advisors LLC now owns 290,776 shares of the company’s stock valued at $7,487,000 after purchasing an additional 4,129 shares during 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.