RWA Wealth Partners LLC Decreases Stake in SPDR Portfolio Corporate Bond ETF $SPBO

RWA Wealth Partners LLC cut its holdings in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 17.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160,190 shares of the company’s stock after selling 239,448 shares during the period. RWA Wealth Partners LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $34,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in SPDR Portfolio Corporate Bond ETF by 8.3% in the second quarter. Envestnet Asset Management Inc. now owns 67,542 shares of the company’s stock valued at $1,974,000 after purchasing an additional 5,197 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of SPDR Portfolio Corporate Bond ETF by 29.3% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 339,046 shares of the company’s stock valued at $9,907,000 after purchasing an additional 76,740 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of SPDR Portfolio Corporate Bond ETF by 17.3% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,934 shares of the company’s stock valued at $86,000 after purchasing an additional 432 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 30.7% during the 2nd quarter. Bank of Montreal Can now owns 7,333 shares of the company’s stock valued at $214,000 after buying an additional 1,722 shares during the last quarter. Finally, AE Wealth Management LLC grew its position in shares of SPDR Portfolio Corporate Bond ETF by 5.4% during the second quarter. AE Wealth Management LLC now owns 1,604,981 shares of the company’s stock worth $46,898,000 after buying an additional 81,588 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

SPBO opened at $29.68 on Wednesday. The firm’s fifty day moving average price is $29.45 and its 200 day moving average price is $29.50. SPDR Portfolio Corporate Bond ETF has a 12-month low of $27.84 and a 12-month high of $29.93.

SPDR Portfolio Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.123 dividend. This is a boost from SPDR Portfolio Corporate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

SPDR Portfolio Corporate Bond ETF 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.