SPDR Portfolio Corporate Bond ETF $SPBO Shares Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC increased its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 5.4% during the third quarter, Holdings Channel reports. The firm owned 357,425 shares of the company’s stock after purchasing an additional 18,379 shares during the period. Flagship Harbor Advisors LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $10,591,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SPBO. Exchange Traded Concepts LLC raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 58.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock valued at $69,978,000 after acquiring an additional 866,827 shares during the period. Financial Gravity Companies Inc. purchased a new position in SPDR Portfolio Corporate Bond ETF during the 2nd quarter worth approximately $10,956,000. Thrivent Financial for Lutherans acquired a new stake in SPDR Portfolio Corporate Bond ETF during the 3rd quarter valued at $8,605,000. Arkansas Financial Group Inc. boosted its position in shares of SPDR Portfolio Corporate Bond ETF by 29.4% in the third quarter. Arkansas Financial Group Inc. now owns 713,518 shares of the company’s stock worth $21,127,000 after buying an additional 162,250 shares during the period. Finally, AE Wealth Management LLC grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 8.3% during the third quarter. AE Wealth Management LLC now owns 1,737,659 shares of the company’s stock valued at $51,487,000 after buying an additional 132,678 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Down 0.0%

NYSEARCA:SPBO opened at $29.29 on Thursday. The stock’s 50-day moving average is $29.42 and its two-hundred day moving average is $29.45. SPDR Portfolio Corporate Bond ETF has a fifty-two week low of $27.84 and a fifty-two week high of $29.93.

SPDR Portfolio Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.123 per share. This is a boost from SPDR Portfolio Corporate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.0%.

About SPDR Portfolio Corporate Bond ETF

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.