Jefferies Financial Group Inc. Trims Stake in SPDR Portfolio Corporate Bond ETF $SPBO

Jefferies Financial Group Inc. cut its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 20.1% in the second quarter, HoldingsChannel reports. The firm owned 159,815 shares of the company’s stock after selling 40,285 shares during the period. Jefferies Financial Group Inc.’s holdings in SPDR Portfolio Corporate Bond ETF were worth $4,670,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 83.8% during the second quarter. Foundations Investment Advisors LLC now owns 109,347 shares of the company’s stock valued at $3,195,000 after buying an additional 49,859 shares during the period. Advyzon Investment Management LLC purchased a new position in SPDR Portfolio Corporate Bond ETF during the 2nd quarter valued at about $363,000. Bank of Montreal Can raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 30.7% in the 2nd quarter. Bank of Montreal Can now owns 7,333 shares of the company’s stock valued at $214,000 after purchasing an additional 1,722 shares in the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 2nd quarter worth approximately $517,000. Finally, Good Life Advisors LLC boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 11.6% during the second quarter. Good Life Advisors LLC now owns 664,234 shares of the company’s stock valued at $19,409,000 after purchasing an additional 68,894 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPBO stock opened at $29.58 on Tuesday. SPDR Portfolio Corporate Bond ETF has a 52-week low of $27.84 and a 52-week high of $29.93. The company’s 50 day moving average is $29.61 and its 200 day moving average is $29.22.

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.