Procyon Advisors LLC Has $43.82 Million Stock Holdings in SPDR Portfolio Corporate Bond ETF $SPBO

Procyon Advisors LLC increased its position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,493,672 shares of the company’s stock after acquiring an additional 89,095 shares during the quarter. SPDR Portfolio Corporate Bond ETF comprises about 0.7% of Procyon Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Procyon Advisors LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $43,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPBO. Ashton Thomas Private Wealth LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth about $659,000. Kingdom Financial Group LLC. grew its holdings in SPDR Portfolio Corporate Bond ETF by 191.0% in the 3rd quarter. Kingdom Financial Group LLC. now owns 51,494 shares of the company’s stock valued at $1,526,000 after buying an additional 33,801 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in SPDR Portfolio Corporate Bond ETF by 5.4% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 357,425 shares of the company’s stock worth $10,591,000 after buying an additional 18,379 shares during the period. Summit Financial Wealth Advisors LLC boosted its position in shares of SPDR Portfolio Corporate Bond ETF by 15.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 916,928 shares of the company’s stock valued at $27,141,000 after acquiring an additional 121,857 shares during the period. Finally, Tradewinds Capital Management LLC increased its position in SPDR Portfolio Corporate Bond ETF by 64.3% during the third quarter. Tradewinds Capital Management LLC now owns 127,759 shares of the company’s stock worth $3,786,000 after acquiring an additional 50,004 shares during the period.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPDR Portfolio Corporate Bond ETF stock opened at $28.77 on Friday. SPDR Portfolio Corporate Bond ETF has a fifty-two week low of $27.84 and a fifty-two week high of $29.93. The firm has a fifty day moving average price of $29.40 and a two-hundred day moving average price of $29.49.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1225 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

SPDR Portfolio Corporate Bond ETF Company 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.