SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sets New 12-Month Low – What’s Next?

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $28.40 and last traded at $28.41, with a volume of 112292 shares changing hands. The stock had previously closed at $28.50.

SPDR Portfolio Corporate Bond ETF Price Performance

The company’s 50-day moving average price is $28.85 and its 200-day moving average price is $29.09.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 82.4% during the third 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 last quarter. SHP Wealth Management purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter worth $38,000. Creative Capital Management Investments LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the first quarter valued at about $39,000. Advisory Services Network LLC purchased a new position in shares of SPDR Portfolio Corporate Bond ETF in the third quarter worth about $49,000. Finally, Root Financial Partners LLC acquired a new position in SPDR Portfolio Corporate Bond ETF during the first quarter worth about $63,000.

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.