290,420 Shares in SPDR Portfolio Corporate Bond ETF $SPBO Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 290,420 shares of the company’s stock, valued at approximately $8,605,000. Thrivent Financial for Lutherans owned about 0.50% of SPDR Portfolio Corporate Bond ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in SPDR Portfolio Corporate Bond ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 2,702,160 shares of the company’s stock valued at $78,957,000 after acquiring an additional 71,447 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in SPDR Portfolio Corporate Bond ETF by 58.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock valued at $69,978,000 after buying an additional 866,827 shares during the last quarter. AE Wealth Management LLC grew its holdings in SPDR Portfolio Corporate Bond ETF by 8.3% during the 3rd quarter. AE Wealth Management LLC now owns 1,737,659 shares of the company’s stock valued at $51,487,000 after buying an additional 132,678 shares in the last quarter. Procyon Advisors LLC increased its stake in SPDR Portfolio Corporate Bond ETF by 4.1% in the 3rd quarter. Procyon Advisors LLC now owns 1,404,577 shares of the company’s stock worth $41,618,000 after acquiring an additional 55,301 shares during the last quarter. Finally, CW Advisors LLC raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 3.4% during the 2nd quarter. CW Advisors LLC now owns 1,179,900 shares of the company’s stock worth $34,477,000 after acquiring an additional 39,069 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

SPBO stock opened at $29.40 on Friday. The firm has a fifty day moving average price of $29.41 and a 200 day moving average price of $29.45. SPDR Portfolio Corporate Bond ETF has a fifty-two week low of $27.84 and a fifty-two week high of $29.93.

SPDR Portfolio Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.123 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.0%. This is a positive change from SPDR Portfolio Corporate Bond ETF’s previous monthly dividend of $0.12.

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.