SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 351,914 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 376,812 shares.The stock last traded at $29.30 and had previously closed at $29.30.
SPDR Portfolio Corporate Bond ETF Stock Down 0.2 %
The firm has a fifty day simple moving average of $29.80 and a two-hundred day simple moving average of $29.12.
Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of SPBO. Arkansas Financial Group Inc. grew its stake in SPDR Portfolio Corporate Bond ETF by 23.6% in the 3rd quarter. Arkansas Financial Group Inc. now owns 332,446 shares of the company’s stock valued at $9,983,000 after acquiring an additional 63,452 shares during the period. Sanibel Captiva Trust Company Inc. purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the third quarter worth about $901,000. Eldridge Investment Advisors Inc. raised its position in shares of SPDR Portfolio Corporate Bond ETF by 11.9% during the 2nd quarter. Eldridge Investment Advisors Inc. now owns 120,455 shares of the company’s stock worth $3,457,000 after purchasing an additional 12,815 shares during the last quarter. Parallel Advisors LLC purchased a new position in SPDR Portfolio Corporate Bond ETF in the 2nd quarter valued at about $273,000. Finally, Richardson Financial Services Inc. acquired a new stake in SPDR Portfolio Corporate Bond ETF in the 1st quarter worth about $35,000.
SPDR Portfolio Corporate Bond ETF Company Profile
The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.
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