Melone Private Wealth LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 171,725 shares of the company’s stock, valued at approximately $4,721,000. SPDR Portfolio Corporate Bond ETF makes up 1.9% of Melone Private Wealth LLC’s portfolio, making the stock its 21st biggest position. Melone Private Wealth LLC owned about 0.22% of SPDR Portfolio Corporate Bond ETF as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SPBO. Guardian Asset Advisors LLC purchased a new position in SPDR Portfolio Corporate Bond ETF in the third quarter worth $938,000. Detalus Advisors LLC purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 3rd quarter valued at $1,027,000. Summit Financial Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 3rd quarter worth $31,419,000. Cherry Tree Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 3rd quarter worth $47,000. Finally, Triumph Capital Management purchased a new position in SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth $62,000.
SPDR Portfolio Corporate Bond ETF Trading Down 0.1%
NYSEARCA:SPBO traded down $0.02 during mid-day trading on Friday, hitting $27.78. 453,503 shares of the company’s stock traded hands, compared to its average volume of 639,248. The company has a fifty day moving average of $28.04 and a 200 day moving average of $28.60. SPDR Portfolio Corporate Bond ETF has a twelve month low of $27.25 and a twelve month 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.
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