SPDR Portfolio Corporate Bond ETF $SPBO Position Cut by Ascent Group LLC

Ascent Group LLC lessened its holdings in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 28.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,219 shares of the company’s stock after selling 4,952 shares during the quarter. Ascent Group LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 443.6% during the first quarter. Ameriprise Financial Inc. now owns 6,552,185 shares of the company’s stock valued at $190,217,000 after purchasing an additional 5,346,892 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in SPDR Portfolio Corporate Bond ETF during the 2nd quarter valued at about $43,681,000. Arkansas Financial Group Inc. boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 8.6% in the second quarter. Arkansas Financial Group Inc. now owns 551,268 shares of the company’s stock valued at $15,910,000 after acquiring an additional 43,606 shares in the last quarter. Sterling Manor Financial LLC boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 5.3% in the second quarter. Sterling Manor Financial LLC now owns 538,925 shares of the company’s stock valued at $15,747,000 after acquiring an additional 27,220 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the first quarter valued at approximately $10,170,000.

SPDR Portfolio Corporate Bond ETF Price Performance

SPBO opened at $29.58 on Wednesday. SPDR Portfolio Corporate Bond ETF has a one year low of $27.84 and a one year high of $29.85. The stock’s fifty day moving average is $29.42 and its 200-day moving average is $28.99.

SPDR Portfolio Corporate Bond ETF 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.