North Dakota State Investment Board bought a new stake in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,089,068 shares of the company’s stock, valued at approximately $31,953,000. SPDR Portfolio Corporate Bond ETF makes up approximately 1.2% of North Dakota State Investment Board’s portfolio, making the stock its 13th largest position. North Dakota State Investment Board owned 1.75% of SPDR Portfolio Corporate Bond ETF at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. CreativeOne Wealth LLC grew its stake in SPDR Portfolio Corporate Bond ETF by 1.3% during the third quarter. CreativeOne Wealth LLC now owns 27,118 shares of the company’s stock valued at $804,000 after acquiring an additional 353 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in SPDR Portfolio Corporate Bond ETF by 82.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock valued at $26,000 after acquiring an additional 398 shares in the last quarter. MAI Capital Management grew its stake in SPDR Portfolio Corporate Bond ETF by 15.6% during the third quarter. MAI Capital Management now owns 3,411 shares of the company’s stock valued at $101,000 after acquiring an additional 460 shares in the last quarter. Ritholtz Wealth Management lifted its position in SPDR Portfolio Corporate Bond ETF by 0.6% during the fourth quarter. Ritholtz Wealth Management now owns 80,784 shares of the company’s stock valued at $2,370,000 after purchasing an additional 471 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners lifted its position in SPDR Portfolio Corporate Bond ETF by 12.8% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 8,736 shares of the company’s stock valued at $256,000 after purchasing an additional 991 shares during the last quarter.
SPDR Portfolio Corporate Bond ETF Stock Performance
SPBO stock opened at $28.76 on Monday. SPDR Portfolio Corporate Bond ETF has a 52 week low of $28.28 and a 52 week high of $29.93. The company has a fifty day simple moving average of $29.05 and a two-hundred day simple moving average of $29.33.
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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