SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) saw an uptick in trading volume on Monday . 1,002,183 shares were traded during mid-day trading, an increase of 171% from the previous session’s volume of 369,834 shares.The stock last traded at $29.59 and had previously closed at $29.68.
SPDR Portfolio Corporate Bond ETF Stock Down 0.1 %
The stock’s fifty day moving average price is $29.75 and its 200 day moving average price is $29.08.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Arkansas Financial Group Inc. increased its holdings in SPDR Portfolio Corporate Bond ETF by 23.6% during the 3rd quarter. Arkansas Financial Group Inc. now owns 332,446 shares of the company’s stock valued at $9,983,000 after purchasing an additional 63,452 shares during the period. Eldridge Investment Advisors Inc. increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 11.9% during the second quarter. Eldridge Investment Advisors Inc. now owns 120,455 shares of the company’s stock valued at $3,457,000 after buying an additional 12,815 shares during the period. Sanibel Captiva Trust Company Inc. bought a new position in shares of SPDR Portfolio Corporate Bond ETF during the third quarter valued at approximately $901,000. Parallel Advisors LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF in the second quarter worth $273,000. Finally, Richardson Financial Services Inc. purchased a new stake in SPDR Portfolio Corporate Bond ETF in the first quarter worth $35,000.
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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