Summit Financial Wealth Advisors LLC bought a new stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,142,910 shares of the company’s stock, valued at approximately $31,419,000. SPDR Portfolio Corporate Bond ETF accounts for approximately 3.9% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 5th biggest position. Summit Financial Wealth Advisors LLC owned about 1.47% of SPDR Portfolio Corporate Bond ETF at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SPBO. Cherry Tree Wealth Management LLC bought a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at about $47,000. Triumph Capital Management purchased a new stake in SPDR Portfolio Corporate Bond ETF during the third quarter valued at about $62,000. David Kennon Inc bought a new position in SPDR Portfolio Corporate Bond ETF during the third quarter worth about $1,410,000. Breakwater Capital Group bought a new position in SPDR Portfolio Corporate Bond ETF during the third quarter worth about $1,469,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 3rd quarter valued at approximately $854,000.
SPDR Portfolio Corporate Bond ETF Stock Performance
Shares of SPBO stock traded up $0.18 during trading on Thursday, reaching $27.79. 875,155 shares of the company’s stock traded hands, compared to its average volume of 638,818. The firm’s 50-day moving average is $28.07 and its 200 day moving average is $28.61. SPDR Portfolio Corporate Bond ETF has a 1 year low of $27.25 and a 1 year high of $29.93.
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.
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