NorthRock Partners LLC Takes $4.05 Million Position in SPDR Portfolio Corporate Bond ETF $SPBO

NorthRock Partners LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 136,765 shares of the company’s stock, valued at approximately $4,052,000. NorthRock Partners LLC owned about 0.24% of SPDR Portfolio Corporate Bond ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPBO. Bank of America Corp DE raised its stake in SPDR Portfolio Corporate Bond ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 2,702,160 shares of the company’s stock valued at $78,957,000 after purchasing an additional 71,447 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 58.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock worth $69,978,000 after purchasing an additional 866,827 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 8.3% during the 3rd quarter. AE Wealth Management LLC now owns 1,737,659 shares of the company’s stock worth $51,487,000 after purchasing an additional 132,678 shares during the last quarter. Procyon Advisors LLC grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 4.1% during the third quarter. Procyon Advisors LLC now owns 1,404,577 shares of the company’s stock worth $41,618,000 after buying an additional 55,301 shares in the last quarter. Finally, CW Advisors LLC grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 3.4% during the second quarter. CW Advisors LLC now owns 1,179,900 shares of the company’s stock worth $34,477,000 after buying an additional 39,069 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

NYSEARCA:SPBO opened at $28.85 on Friday. The firm has a 50 day simple moving average of $29.45 and a 200-day simple moving average of $29.50. SPDR Portfolio Corporate Bond ETF has a 1-year low of $27.84 and a 1-year high of $29.93.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1225 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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.