Breakwater Capital Group Has $4.97 Million Position in SPDR Portfolio Corporate Bond ETF $SPBO

Breakwater Capital Group lifted its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 34.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,865 shares of the company’s stock after purchasing an additional 42,575 shares during the period. Breakwater Capital Group’s holdings in SPDR Portfolio Corporate Bond ETF were worth $4,974,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. RFG Advisory LLC boosted its stake in SPDR Portfolio Corporate Bond ETF by 75.3% during the 3rd quarter. RFG Advisory LLC now owns 13,664 shares of the company’s stock valued at $405,000 after purchasing an additional 5,868 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 5.4% during the third quarter. Flagship Harbor Advisors LLC now owns 357,425 shares of the company’s stock worth $10,591,000 after buying an additional 18,379 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 1.6% during the third quarter. Envestnet Asset Management Inc. now owns 68,646 shares of the company’s stock worth $2,034,000 after buying an additional 1,104 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the third quarter valued at approximately $659,000. Finally, Flaharty Asset Management LLC grew its stake in shares of SPDR Portfolio Corporate Bond ETF by 4.2% in the third quarter. Flaharty Asset Management LLC now owns 708,494 shares of the company’s stock worth $20,994,000 after acquiring an additional 28,278 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Up 0.1%

Shares of SPBO stock opened at $29.42 on Monday. SPDR Portfolio Corporate Bond ETF has a 1 year low of $27.84 and a 1 year high of $29.93. The firm’s fifty day simple moving average is $29.41 and its 200 day simple moving average is $29.46.

SPDR Portfolio Corporate Bond ETF Increases Dividend

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

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.