Good Life Advisors LLC Raises Position in SPDR Portfolio Corporate Bond ETF $SPBO

Good Life Advisors LLC grew its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 11.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 664,234 shares of the company’s stock after purchasing an additional 68,894 shares during the period. SPDR Portfolio Corporate Bond ETF comprises approximately 1.2% of Good Life Advisors LLC’s holdings, making the stock its 16th largest position. Good Life Advisors LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $19,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPBO. Creative Financial Designs Inc. ADV boosted its stake in SPDR Portfolio Corporate Bond ETF by 17.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,934 shares of the company’s stock worth $86,000 after buying an additional 432 shares during the period. ShoreHaven Wealth Partners LLC raised its position in SPDR Portfolio Corporate Bond ETF by 2.0% in the 2nd quarter. ShoreHaven Wealth Partners LLC now owns 45,694 shares of the company’s stock worth $1,335,000 after purchasing an additional 912 shares during the period. Melone Private Wealth LLC lifted its stake in SPDR Portfolio Corporate Bond ETF by 1.0% in the second quarter. Melone Private Wealth LLC now owns 179,257 shares of the company’s stock worth $5,215,000 after purchasing an additional 1,697 shares during the last quarter. Bank of Montreal Can boosted its position in shares of SPDR Portfolio Corporate Bond ETF by 30.7% during the second quarter. Bank of Montreal Can now owns 7,333 shares of the company’s stock valued at $214,000 after buying an additional 1,722 shares during the period. Finally, Allworth Financial LP bought a new position in shares of SPDR Portfolio Corporate Bond ETF during the second quarter valued at approximately $103,000.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPBO stock opened at $29.52 on Thursday. The stock has a 50 day moving average price of $29.64 and a 200 day moving average price of $29.17. SPDR Portfolio Corporate Bond ETF has a 52-week low of $27.84 and a 52-week high of $29.93.

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.