Flaharty Asset Management LLC Has $20.99 Million Stock Position in SPDR Portfolio Corporate Bond ETF $SPBO

Flaharty Asset Management LLC increased its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 4.2% during the third quarter, HoldingsChannel reports. The firm owned 708,494 shares of the company’s stock after acquiring an additional 28,278 shares during the period. SPDR Portfolio Corporate Bond ETF accounts for approximately 2.7% of Flaharty Asset Management LLC’s holdings, making the stock its 17th biggest position. Flaharty Asset Management LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $20,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Truist Financial Corp acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the second quarter worth about $201,000. Valmark Advisers Inc. raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 70.4% during the second quarter. Valmark Advisers Inc. now owns 208,156 shares of the company’s stock valued at $6,082,000 after acquiring an additional 86,009 shares during the period. CWM LLC lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 8.8% in the 2nd quarter. CWM LLC now owns 294,861 shares of the company’s stock valued at $8,616,000 after acquiring an additional 23,830 shares in the last quarter. Ritholtz Wealth Management boosted its stake in SPDR Portfolio Corporate Bond ETF by 91.1% in the 2nd quarter. Ritholtz Wealth Management now owns 78,141 shares of the company’s stock worth $2,283,000 after purchasing an additional 37,242 shares during the period. Finally, ShoreHaven Wealth Partners LLC grew its position in SPDR Portfolio Corporate Bond ETF by 2.0% during the 2nd quarter. ShoreHaven Wealth Partners LLC now owns 45,694 shares of the company’s stock worth $1,335,000 after purchasing an additional 912 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of NYSEARCA:SPBO opened at $29.45 on Friday. The company’s fifty day moving average is $29.44 and its two-hundred day moving average is $29.44. SPDR Portfolio Corporate Bond ETF has a 12-month low of $27.84 and a 12-month high of $29.93.

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.