David Kennon Inc purchased a new position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,304 shares of the company’s stock, valued at approximately $1,410,000. SPDR Portfolio Corporate Bond ETF accounts for about 0.5% of David Kennon Inc’s investment portfolio, making the stock its 29th biggest position.
Several other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. raised its position in shares of SPDR Portfolio Corporate Bond ETF by 47.0% in the first quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock worth $63,002,000 after buying an additional 694,327 shares in the last quarter. Procyon Advisors LLC boosted its stake in SPDR Portfolio Corporate Bond ETF by 16.5% during the first quarter. Procyon Advisors LLC now owns 1,740,756 shares of the company’s stock valued at $50,534,000 after buying an additional 247,084 shares during the period. Summit Financial Wealth Advisors LLC boosted its stake 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 buying an additional 99,072 shares during the period. Royal Bank of Canada grew its position in SPDR Portfolio Corporate Bond ETF by 29.8% during the first quarter. Royal Bank of Canada now owns 340,386 shares of the company’s stock worth $9,881,000 after buying an additional 78,224 shares in the last quarter. Finally, Hobart Private Capital LLC purchased a new position in SPDR Portfolio Corporate Bond ETF during the second quarter worth about $8,935,000.
SPDR Portfolio Corporate Bond ETF Price Performance
SPDR Portfolio Corporate Bond ETF stock traded down $0.03 during midday trading on Tuesday, hitting $27.57. 216,874 shares of the company’s stock were exchanged, compared to its average volume of 639,216. The stock has a 50-day moving average price of $28.09 and a two-hundred day moving average price of $28.62. SPDR Portfolio Corporate Bond ETF has a 52-week low of $27.25 and a 52-week high of $29.93.
SPDR Portfolio Corporate Bond ETF 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.
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