Assetmark Inc. Has $63 Million Position in SPDR Portfolio Corporate Bond ETF $SPBO

Assetmark Inc. grew its position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 47.0% during the 1st quarter, HoldingsChannel reports. The firm owned 2,170,235 shares of the company’s stock after purchasing an additional 694,327 shares during the quarter. Assetmark Inc.’s holdings in SPDR Portfolio Corporate Bond ETF were worth $63,002,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Procyon Advisors LLC raised its position in SPDR Portfolio Corporate Bond ETF by 16.5% in the 1st quarter. Procyon Advisors LLC now owns 1,740,756 shares of the company’s stock valued at $50,534,000 after buying an additional 247,084 shares during the last quarter. Fifth Third Bancorp grew its stake in SPDR Portfolio Corporate Bond ETF by 4,339.5% in the first quarter. Fifth Third Bancorp now owns 6,748 shares of the company’s stock valued at $196,000 after purchasing an additional 6,596 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of SPDR Portfolio Corporate Bond ETF by 6.6% in the 1st quarter. Kestra Advisory Services LLC now owns 26,142 shares of the company’s stock valued at $759,000 after acquiring an additional 1,624 shares during the period. Arrien Investments Inc. grew its position in shares of SPDR Portfolio Corporate Bond ETF by 4.7% in the 1st quarter. Arrien Investments Inc. now owns 13,785 shares of the company’s stock valued at $400,000 after acquiring an additional 617 shares during the period. Finally, World Investment Advisors increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 9.1% during the 1st quarter. World Investment Advisors now owns 52,777 shares of the company’s stock worth $1,532,000 after purchasing an additional 4,397 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Up 0.1%

Shares of SPBO stock opened at $28.73 on Friday. The firm’s 50-day moving average is $28.91 and its 200-day moving average is $29.15. 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.