Summit Financial Wealth Advisors LLC bought a new position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report) during the third quarter, Holdings Channel reports. The fund bought 1,142,910 shares of the company’s stock, valued at approximately $31,419,000. SPDR Portfolio Corporate Bond ETF comprises 3.9% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 5th largest position.
Several 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 during the third quarter valued at $47,000. Triumph Capital Management bought a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 3rd quarter valued at about $62,000. David Kennon Inc bought a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 3rd quarter valued at about $1,410,000. Breakwater Capital Group bought a new stake in SPDR Portfolio Corporate Bond ETF during the third quarter valued at approximately $1,469,000. Finally, Farther Finance Advisors LLC purchased a new position in SPDR Portfolio Corporate Bond ETF in the 3rd quarter worth approximately $854,000.
SPDR Portfolio Corporate Bond ETF Price Performance
Shares of NYSEARCA:SPBO traded up $0.18 during trading on Thursday, reaching $27.79. The company had a trading volume of 875,155 shares, compared to its average volume of 638,818. The company has a fifty day moving average of $28.07 and a two-hundred day moving average of $28.61. SPDR Portfolio Corporate Bond ETF has a 12 month low of $27.25 and a 12 month 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.
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Want to see what other hedge funds are holding SPBO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report).
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