Shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Rating) were down 0.3% during trading on Thursday . The stock traded as low as $28.42 and last traded at $28.44. Approximately 153,379 shares changed hands during trading, a decline of 23% from the average daily volume of 198,679 shares. The stock had previously closed at $28.53.
SPDR Portfolio Corporate Bond ETF Trading Down 0.3 %
The firm has a fifty day simple moving average of $29.06 and a 200 day simple moving average of $28.92.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new position in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at $41,000. ST Germain D J Co. Inc. lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 168.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 2,676,138 shares of the company’s stock valued at $76,000 after acquiring an additional 1,681,054 shares during the period. Private Trust Co. NA lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 181.1% during the first quarter. Private Trust Co. NA now owns 8,136 shares of the company’s stock valued at $238,000 after acquiring an additional 5,242 shares during the period. Laraway Financial Advisors Inc increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 15.5% in the first quarter. Laraway Financial Advisors Inc now owns 13,890 shares of the company’s stock valued at $445,000 after buying an additional 1,860 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the fourth quarter valued at $513,000.
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.
Further Reading
- Get a free copy of the StockNews.com research report on SPDR Portfolio Corporate Bond ETF (SPBO)
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