Sterling Manor Financial LLC Purchases 78,394 Shares of SPDR Portfolio Corporate Bond ETF $SPBO

Sterling Manor Financial LLC increased its position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 14.5% in the third quarter, HoldingsChannel.com reports. The fund owned 617,319 shares of the company’s stock after buying an additional 78,394 shares during the period. SPDR Portfolio Corporate Bond ETF comprises approximately 11.5% of Sterling Manor Financial LLC’s investment portfolio, making the stock its biggest holding. Sterling Manor Financial LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $18,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPBO. Summit Financial Wealth Advisors LLC grew its stake in SPDR Portfolio Corporate Bond ETF by 15.3% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 916,928 shares of the company’s stock valued at $27,141,000 after purchasing an additional 121,857 shares during the last quarter. National Wealth Management Group LLC lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 2.5% during the second quarter. National Wealth Management Group LLC now owns 26,551 shares of the company’s stock worth $776,000 after purchasing an additional 644 shares during the period. Caldwell Trust Co purchased a new stake in SPDR Portfolio Corporate Bond ETF in the second quarter valued at approximately $272,000. NWF Advisory Services Inc. acquired a new position in SPDR Portfolio Corporate Bond ETF in the 2nd quarter worth approximately $403,000. Finally, Osaic Holdings Inc. increased its holdings in SPDR Portfolio Corporate Bond ETF by 160.3% in the 2nd quarter. Osaic Holdings Inc. now owns 183,416 shares of the company’s stock worth $5,345,000 after buying an additional 112,940 shares during the period.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of NYSEARCA SPBO opened at $29.36 on Friday. SPDR Portfolio Corporate Bond ETF has a 12 month low of $27.84 and a 12 month high of $29.93. The company has a 50 day simple moving average of $29.56 and a two-hundred day simple moving average of $29.33.

SPDR Portfolio Corporate Bond ETF 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.