SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Trading Up 0.9% – Here’s Why

Shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) were up 0.9% during trading on Friday . The company traded as high as $23.35 and last traded at $23.32. Approximately 1,140,037 shares changed hands during trading, an increase of 31% from the average daily volume of 869,016 shares. The stock had previously closed at $23.12.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

The stock’s 50 day simple moving average is $23.68 and its 200 day simple moving average is $23.16.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

Several institutional investors have recently made changes to their positions in SPLB. Strategic Advocates LLC grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 324.0% in the 3rd quarter. Strategic Advocates LLC now owns 649,591 shares of the company’s stock worth $15,694,000 after acquiring an additional 496,381 shares in the last quarter. RiverFront Investment Group LLC bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 2nd quarter worth $502,000. Fifth Third Securities Inc. grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 22.8% in the 2nd quarter. Fifth Third Securities Inc. now owns 91,853 shares of the company’s stock worth $2,071,000 after acquiring an additional 17,070 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 165,217 shares of the company’s stock worth $3,726,000 after acquiring an additional 11,803 shares in the last quarter. Finally, Global Financial Private Client LLC bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 1st quarter worth $223,000.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.