SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sets New 52-Week Low – What’s Next?

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) reached a new 52-week low on Monday . The stock traded as low as $28.37 and last traded at $28.37, with a volume of 256602 shares. The stock had previously closed at $28.51.

SPDR Portfolio Corporate Bond ETF Stock Down 0.5%

The business’s fifty day moving average price is $28.79 and its 200 day moving average price is $29.05.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SPBO. Northwestern Mutual Wealth Management Co. raised its stake in SPDR Portfolio Corporate Bond ETF by 82.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after buying an additional 398 shares during the last quarter. SHP Wealth Management bought a new stake in SPDR Portfolio Corporate Bond ETF in the fourth quarter worth approximately $38,000. Creative Capital Management Investments LLC bought a new stake in SPDR Portfolio Corporate Bond ETF in the first quarter worth approximately $39,000. Advisory Services Network LLC acquired a new position in SPDR Portfolio Corporate Bond ETF in the third quarter valued at approximately $49,000. Finally, Root Financial Partners LLC acquired a new position in SPDR Portfolio Corporate Bond ETF in the first quarter valued at approximately $63,000.

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.