SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) shares saw an uptick in trading volume on Monday . 3,671,411 shares changed hands during trading, an increase of 463% from the previous session’s volume of 652,362 shares.The stock last traded at $29.19 and had previously closed at $29.15.
SPDR Portfolio Corporate Bond ETF Trading Down 0.5%
The company’s fifty day moving average price is $28.99 and its 200 day moving average price is $29.20.
Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 82.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock valued at $26,000 after acquiring an additional 398 shares during the period. SHP Wealth Management acquired a new position in SPDR Portfolio Corporate Bond ETF in the fourth quarter valued at about $38,000. Creative Capital Management Investments LLC bought a new stake in SPDR Portfolio Corporate Bond ETF during the first quarter worth about $39,000. Advisory Services Network LLC bought a new stake in SPDR Portfolio Corporate Bond ETF during the third quarter worth about $49,000. Finally, Eastern Bank acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at approximately $53,000.
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.
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