SPDR Portfolio Corporate Bond ETF $SPBO Shares Purchased by Strategic Investment Advisors MI

Strategic Investment Advisors MI raised its stake in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 60.9% in the 1st quarter, Holdings Channel reports. The fund owned 53,190 shares of the company’s stock after acquiring an additional 20,139 shares during the quarter. Strategic Investment Advisors MI’s holdings in SPDR Portfolio Corporate Bond ETF were worth $1,542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SPBO. Royal Bank of Canada increased its holdings in shares of SPDR Portfolio Corporate Bond ETF by 29.8% in the first quarter. Royal Bank of Canada now owns 340,386 shares of the company’s stock valued at $9,881,000 after purchasing an additional 78,224 shares during the period. Gateway Wealth Partners LLC purchased a new position in SPDR Portfolio Corporate Bond ETF during the 1st quarter worth $459,000. Compound Planning Inc. lifted its stake in shares of SPDR Portfolio Corporate Bond ETF by 104.6% in the 1st quarter. Compound Planning Inc. now owns 52,623 shares of the company’s stock worth $1,528,000 after acquiring an additional 26,901 shares during the period. Cetera Investment Advisers boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 19.7% in the first quarter. Cetera Investment Advisers now owns 148,925 shares of the company’s stock valued at $4,323,000 after acquiring an additional 24,518 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 47.0% during the first quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock worth $63,002,000 after acquiring an additional 694,327 shares during the period.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of NYSEARCA:SPBO opened at $28.44 on Thursday. SPDR Portfolio Corporate Bond ETF has a 52 week low of $28.40 and a 52 week high of $29.93. The company has a 50-day moving average price of $28.86 and a 200 day moving average price of $29.10.

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.