Procyon Advisors LLC lifted its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report) by 16.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,740,756 shares of the company’s stock after acquiring an additional 247,084 shares during the quarter. SPDR Portfolio Corporate Bond ETF makes up approximately 0.8% of Procyon Advisors LLC’s portfolio, making the stock its 6th biggest position. Procyon Advisors LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $50,534,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in SPDR Portfolio Corporate Bond ETF by 82.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after acquiring an additional 398 shares during the period. SHP Wealth Management bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at about $38,000. Creative Capital Management Investments LLC bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 1st quarter valued at about $39,000. Advisory Services Network LLC purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 3rd quarter worth approximately $49,000. Finally, Eastern Bank purchased a new position in SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at approximately $53,000.
SPDR Portfolio Corporate Bond ETF Price Performance
Shares of NYSEARCA:SPBO opened at $28.70 on Monday. The firm has a 50 day moving average of $28.94 and a 200 day moving average of $29.17. SPDR Portfolio Corporate Bond ETF has a 52 week low of $28.57 and a 52 week high of $29.93.
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.
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Want to see what other hedge funds are holding SPBO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report).
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