SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $28.25 and last traded at $28.27, with a volume of 16110 shares traded. The stock had previously closed at $28.44.
SPDR Portfolio Corporate Bond ETF Stock Performance
The firm’s 50 day moving average is $28.63 and its 200 day moving average is $28.94.
Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. Melone Private Wealth LLC increased its position in shares of SPDR Portfolio Corporate Bond ETF by 1.1% during the second quarter. Melone Private Wealth LLC now owns 169,598 shares of the company’s stock worth $4,925,000 after purchasing an additional 1,792 shares in the last quarter. Hobart Private Capital LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 2nd quarter worth $8,935,000. Western Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 1st quarter worth $142,000. Summit Financial Wealth Advisors LLC grew its stake in SPDR Portfolio Corporate Bond ETF by 9.6% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 1,126,788 shares of the company’s stock worth $32,711,000 after buying an additional 99,072 shares during the last quarter. Finally, Strategic Investment Advisors MI grew its stake in SPDR Portfolio Corporate Bond ETF by 60.9% during the 1st quarter. Strategic Investment Advisors MI now owns 53,190 shares of the company’s stock worth $1,542,000 after buying an additional 20,139 shares during the last quarter.
SPDR Portfolio Corporate Bond ETF Company 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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