Royal Bank of Canada boosted its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report) by 29.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 340,386 shares of the company’s stock after purchasing an additional 78,224 shares during the quarter. Royal Bank of Canada owned about 0.50% of SPDR Portfolio Corporate Bond ETF worth $9,881,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of SPDR Portfolio Corporate Bond ETF by 82.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after buying an additional 398 shares in the last quarter. SHP Wealth Management bought a new stake in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at approximately $38,000. Creative Capital Management Investments LLC bought a new stake in shares of SPDR Portfolio Corporate Bond ETF during the first quarter valued at approximately $39,000. Advisory Services Network LLC purchased a new position in SPDR Portfolio Corporate Bond ETF in the 3rd quarter worth approximately $49,000. Finally, Root Financial Partners LLC purchased a new position in SPDR Portfolio Corporate Bond ETF in the 1st quarter worth approximately $63,000.
SPDR Portfolio Corporate Bond ETF Price Performance
SPBO stock opened at $28.51 on Monday. The stock’s 50 day simple moving average is $28.79 and its 200 day simple moving average is $29.05. SPDR Portfolio Corporate Bond ETF has a 12-month low of $28.37 and a 12-month 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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