Valmark Advisers Inc. Has $8.96 Million Holdings in SPDR Portfolio Corporate Bond ETF $SPBO

Valmark Advisers Inc. cut its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 13.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 308,596 shares of the company’s stock after selling 49,860 shares during the period. Valmark Advisers Inc. owned about 0.45% of SPDR Portfolio Corporate Bond ETF worth $8,959,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in SPDR Portfolio Corporate Bond ETF by 82.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after purchasing an additional 398 shares during the period. SHP Wealth Management bought a new position in shares of SPDR Portfolio Corporate Bond ETF during the 4th quarter worth about $38,000. Creative Capital Management Investments LLC bought a new position in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter worth about $39,000. Advisory Services Network LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 3rd quarter valued at about $49,000. Finally, Eastern Bank acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 4th quarter valued at about $53,000.

SPDR Portfolio Corporate Bond ETF Stock Performance

NYSEARCA SPBO traded down $0.05 on Friday, reaching $28.70. The company’s stock had a trading volume of 776,987 shares, compared to its average volume of 688,275. The business has a 50-day moving average price of $28.94 and a 200 day moving average price of $29.17. SPDR Portfolio Corporate Bond ETF has a 52 week low of $28.57 and a 52 week high of $29.93.

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.