Jacobi Capital Management LLC Raises Stock Holdings in SPDR Portfolio Corporate Bond ETF $SPBO

Jacobi Capital Management LLC lifted its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 19.7% in the third quarter, HoldingsChannel reports. The firm owned 168,721 shares of the company’s stock after purchasing an additional 27,822 shares during the quarter. Jacobi Capital Management LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $4,999,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its position in SPDR Portfolio Corporate Bond ETF by 17.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,934 shares of the company’s stock valued at $86,000 after purchasing an additional 432 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 2nd quarter valued at about $103,000. Bank of Montreal Can lifted 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 acquiring an additional 1,722 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at about $244,000. Finally, Caldwell Trust Co purchased a new position in SPDR Portfolio Corporate Bond ETF in the second quarter worth about $272,000.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPBO stock opened at $29.68 on Wednesday. SPDR Portfolio Corporate Bond ETF has a 1 year low of $27.84 and a 1 year high of $29.93. The stock’s 50 day simple moving average is $29.42 and its two-hundred day simple moving average is $29.48.

SPDR Portfolio Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.123 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, February 2nd. This is a boost 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.