SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Hits New 12-Month Low – Here’s What Happened

by · The Markets Daily

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) reached a new 52-week low during trading on Wednesday. The company traded as low as $27.92 and last traded at $27.9150, with a volume of 109718 shares. The stock had previously closed at $28.15.

SPDR Portfolio Corporate Bond ETF Trading Down 0.6%

The business’s fifty day moving average is $28.34 and its two-hundred day moving average is $28.75.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Melone Private Wealth LLC lifted its stake in SPDR Portfolio Corporate Bond ETF by 1.1% in the second quarter. Melone Private Wealth LLC now owns 169,598 shares of the company’s stock worth $4,925,000 after acquiring an additional 1,792 shares during the period. Hobart Private Capital LLC bought a new position in SPDR Portfolio Corporate Bond ETF in the second quarter worth approximately $8,935,000. Western Wealth Management LLC bought a new stake in SPDR Portfolio Corporate Bond ETF during the 1st quarter valued at $142,000. Summit Financial Wealth Advisors LLC boosted its position in SPDR Portfolio Corporate Bond ETF by 9.6% during the first quarter. Summit Financial Wealth Advisors LLC now owns 1,126,788 shares of the company’s stock valued at $32,711,000 after purchasing an additional 99,072 shares in the last quarter. Finally, Strategic Investment Advisors MI raised its holdings in SPDR Portfolio Corporate Bond ETF by 60.9% in the first quarter. Strategic Investment Advisors MI now owns 53,190 shares of the company’s stock worth $1,542,000 after purchasing an additional 20,139 shares in the last quarter.

About SPDR Portfolio Corporate Bond ETF

(Get Free Report)

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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