Ritholtz Wealth Management Grows Position in SPDR Portfolio Corporate Bond ETF $SPBO

Ritholtz Wealth Management lifted its position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 91.1% in the second quarter, Holdings Channel reports. The firm owned 78,141 shares of the company’s stock after buying an additional 37,242 shares during the period. Ritholtz Wealth Management’s holdings in SPDR Portfolio Corporate Bond ETF were worth $2,283,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Ameriprise Financial Inc. increased its stake in SPDR Portfolio Corporate Bond ETF by 443.6% during the 1st quarter. Ameriprise Financial Inc. now owns 6,552,185 shares of the company’s stock valued at $190,217,000 after purchasing an additional 5,346,892 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF during the second quarter worth $43,681,000. Financial Gravity Asset Management Inc. purchased a new stake in SPDR Portfolio Corporate Bond ETF during the first quarter worth $10,170,000. Flow Traders U.S. LLC purchased a new position in SPDR Portfolio Corporate Bond ETF during the first quarter valued at $4,938,000. Finally, Valmark Advisers Inc. lifted its holdings in SPDR Portfolio Corporate Bond ETF by 70.4% during the second quarter. Valmark Advisers Inc. now owns 208,156 shares of the company’s stock valued at $6,082,000 after purchasing an additional 86,009 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Trading Up 0.2%

Shares of NYSEARCA SPBO opened at $29.81 on Friday. The firm has a 50-day simple moving average of $29.49 and a 200-day simple moving average of $29.02. SPDR Portfolio Corporate Bond ETF has a 52 week low of $27.84 and a 52 week high of $29.85.

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.