SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $27.96 and traded as high as $27.98. SPDR Portfolio Corporate Bond ETF shares last traded at $27.97, with a volume of 330,656 shares.
SPDR Portfolio Corporate Bond ETF Trading Up 0.3%
The business has a fifty day moving average of $27.96 and a 200 day moving average of $28.77.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Assetmark Inc. increased its stake in SPDR Portfolio Corporate Bond ETF by 47.0% during the 1st quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock worth $63,002,000 after buying an additional 694,327 shares during the period. Procyon Advisors LLC lifted its holdings in SPDR Portfolio Corporate Bond ETF by 16.5% during the 1st quarter. Procyon Advisors LLC now owns 1,740,756 shares of the company’s stock worth $50,534,000 after buying an additional 247,084 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its holdings in SPDR Portfolio Corporate Bond ETF by 9.6% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 1,126,788 shares of the company’s stock worth $32,711,000 after buying an additional 99,072 shares in the last quarter. Sterling Manor Financial LLC purchased a new position in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at approximately $20,904,000. Finally, Flagship Harbor Advisors LLC purchased a new position in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at approximately $13,871,000.
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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