Birmingham Capital Management Co. Inc. AL cut its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report) by 21.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 147,500 shares of the company’s stock after selling 40,500 shares during the period. SPDR Portfolio Corporate Bond ETF comprises approximately 1.9% of Birmingham Capital Management Co. Inc. AL’s holdings, making the stock its 19th biggest position. Birmingham Capital Management Co. Inc. AL owned 0.26% of SPDR Portfolio Corporate Bond ETF worth $4,310,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 18.4% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 2,502 shares of the company’s stock valued at $73,000 after buying an additional 389 shares during the period. Truist Financial Corp acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the 2nd quarter valued at about $201,000. Sovran Advisors LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the 2nd quarter valued at about $290,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the 1st quarter valued at about $474,000. Finally, Alesco Advisors LLC boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 108.4% in the 2nd quarter. Alesco Advisors LLC now owns 36,645 shares of the company’s stock valued at $1,071,000 after buying an additional 19,060 shares during the period.
SPDR Portfolio Corporate Bond ETF Stock Down 0.1%
NYSEARCA SPBO opened at $29.78 on Monday. SPDR Portfolio Corporate Bond ETF has a one year low of $27.84 and a one year high of $29.85. The company has a 50-day simple moving average of $29.50 and a 200-day simple moving average of $29.03.
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.
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