Gerber Kawasaki Wealth & Investment Management Cuts Stake in SPDR Portfolio Corporate Bond ETF $SPBO

Gerber Kawasaki Wealth & Investment Management lessened its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,263,871 shares of the company’s stock after selling 77,032 shares during the period. SPDR Portfolio Corporate Bond ETF makes up approximately 1.3% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 21st largest position. Gerber Kawasaki Wealth & Investment Management owned 2.18% of SPDR Portfolio Corporate Bond ETF worth $37,449,000 as of its most recent SEC filing.

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

SPDR Portfolio Corporate Bond ETF Stock Performance

SPBO stock opened at $29.30 on Monday. The company’s 50 day moving average price is $29.47 and its 200 day moving average price is $29.51. 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 Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1225 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Monday, March 2nd.

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.