Flaharty Asset Management LLC trimmed its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report) by 92.1% during the second quarter, HoldingsChannel.com reports. The fund owned 58,923 shares of the company’s stock after selling 687,336 shares during the period. SPDR Portfolio Corporate Bond ETF makes up approximately 2.4% of Flaharty Asset Management LLC’s holdings, making the stock its 20th largest holding. Flaharty Asset Management LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $1,704,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of SPBO. Northwestern Mutual Wealth Management Co. grew its position in SPDR Portfolio Corporate Bond ETF by 82.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after purchasing an additional 398 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF in the fourth quarter valued at about $38,000. Creative Capital Management Investments LLC purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF in the first quarter valued at about $39,000. Advisory Services Network LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the third quarter worth about $49,000. Finally, Root Financial Partners LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the first quarter worth about $63,000.
SPDR Portfolio Corporate Bond ETF Stock Up 0.1%
Shares of NYSEARCA SPBO opened at $28.51 on Friday. The stock has a fifty day moving average price of $28.79 and a 200 day moving average price of $29.05. SPDR Portfolio Corporate Bond ETF has a 1-year low of $28.37 and a 1-year high of $29.93.
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.
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Want to see what other hedge funds are holding SPBO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report).
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