SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) Sets New 12-Month Low – Should You Sell?

SPDR Doubleline Total Return Tactical ETF (NYSEARCA:TOTL) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $37.87 and last traded at $38.01, with a volume of 6111 shares changing hands. The stock had previously closed at $37.96.

SPDR Doubleline Total Return Tactical ETF Stock Up 0.2%

The stock’s 50-day moving average price is $38.70 and its 200 day moving average price is $39.27.

Institutional Investors Weigh In On SPDR Doubleline Total Return Tactical ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its stake in shares of SPDR Doubleline Total Return Tactical ETF by 213.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 956,335 shares of the company’s stock worth $37,995,000 after buying an additional 651,600 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of SPDR Doubleline Total Return Tactical ETF by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 824,067 shares of the company’s stock valued at $32,740,000 after buying an additional 25,859 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of SPDR Doubleline Total Return Tactical ETF by 6.9% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 360,810 shares of the company’s stock worth $14,241,000 after purchasing an additional 23,147 shares during the last quarter. Vicus Capital increased its position in SPDR Doubleline Total Return Tactical ETF by 5.6% during the first quarter. Vicus Capital now owns 319,644 shares of the company’s stock worth $12,699,000 after buying an additional 16,811 shares during the last quarter. Finally, Diversified Portfolios Inc. increased its holdings in shares of SPDR Doubleline Total Return Tactical ETF by 4.3% during the 4th quarter. Diversified Portfolios Inc. now owns 175,789 shares of the company’s stock worth $7,076,000 after acquiring an additional 7,193 shares during the last quarter.

SPDR Doubleline Total Return Tactical ETF Company Profile

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.