SPDR Portfolio Corporate Bond ETF $SPBO Position Boosted by Flaharty Asset Management LLC

Flaharty Asset Management LLC boosted its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 4.0% during the 4th quarter, Holdings Channel reports. The fund owned 736,686 shares of the company’s stock after acquiring an additional 28,192 shares during the quarter. SPDR Portfolio Corporate Bond ETF comprises 2.7% of Flaharty Asset Management LLC’s portfolio, making the stock its 16th largest holding. Flaharty Asset Management LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $21,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its position in SPDR Portfolio Corporate Bond ETF by 229.9% during the 4th quarter. HighTower Advisors LLC now owns 22,460 shares of the company’s stock worth $659,000 after acquiring an additional 15,651 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at $1,077,000. North Dakota State Investment Board acquired a new position in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at $31,953,000. Tennessee Valley Asset Management Partners raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 12.8% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 8,736 shares of the company’s stock valued at $256,000 after purchasing an additional 991 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 294,036 shares of the company’s stock valued at $8,652,000 after purchasing an additional 3,616 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Up 0.6%

SPBO stock opened at $28.80 on Thursday. The company has a 50-day simple moving average of $29.01 and a 200 day simple moving average of $29.30. SPDR Portfolio Corporate Bond ETF has a fifty-two week low of $28.28 and a fifty-two week high of $29.93.

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.