Exchange Traded Concepts LLC Sells 988,123 Shares of SPDR Portfolio Corporate Bond ETF $SPBO

Exchange Traded Concepts LLC trimmed its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 41.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,373,620 shares of the company’s stock after selling 988,123 shares during the period. Exchange Traded Concepts LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $40,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC bought a new stake in SPDR Portfolio Corporate Bond ETF in the third quarter worth $659,000. Kingdom Financial Group LLC. increased its position in SPDR Portfolio Corporate Bond ETF by 191.0% during the third quarter. Kingdom Financial Group LLC. now owns 51,494 shares of the company’s stock valued at $1,526,000 after acquiring an additional 33,801 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in 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 valued at $10,591,000 after acquiring an additional 18,379 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 15.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 916,928 shares of the company’s stock valued at $27,141,000 after acquiring an additional 121,857 shares during the period. Finally, Tradewinds Capital Management LLC raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 64.3% in the third quarter. Tradewinds Capital Management LLC now owns 127,759 shares of the company’s stock valued at $3,786,000 after acquiring an additional 50,004 shares during the period.

SPDR Portfolio Corporate Bond ETF Stock Performance

SPDR Portfolio Corporate Bond ETF stock opened at $28.72 on Friday. SPDR Portfolio Corporate Bond ETF has a 12-month low of $27.84 and a 12-month high of $29.93. The firm has a 50-day moving average price of $29.34 and a 200-day moving average price of $29.47.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

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

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.