Jefferies Financial Group Inc. Sells 133,940 Shares of SPDR Portfolio Corporate Bond ETF $SPBO

Jefferies Financial Group Inc. lessened its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 83.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,875 shares of the company’s stock after selling 133,940 shares during the quarter. Jefferies Financial Group Inc.’s holdings in SPDR Portfolio Corporate Bond ETF were worth $767,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in SPDR Portfolio Corporate Bond ETF by 8.3% during the second quarter. Envestnet Asset Management Inc. now owns 67,542 shares of the company’s stock worth $1,974,000 after buying an additional 5,197 shares during the last quarter. Bank of Montreal Can lifted its stake in SPDR Portfolio Corporate Bond ETF by 30.7% in the second 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. Allworth Financial LP acquired a new stake in SPDR Portfolio Corporate Bond ETF in the second quarter valued at $103,000. Good Life Advisors LLC grew its position in shares of SPDR Portfolio Corporate Bond ETF by 11.6% in the 2nd quarter. Good Life Advisors LLC now owns 664,234 shares of the company’s stock valued at $19,409,000 after acquiring an additional 68,894 shares during the period. Finally, Foundations Investment Advisors LLC grew its position in shares of SPDR Portfolio Corporate Bond ETF by 83.8% in the 2nd quarter. Foundations Investment Advisors LLC now owns 109,347 shares of the company’s stock valued at $3,195,000 after acquiring an additional 49,859 shares during the period.

SPDR Portfolio Corporate Bond ETF Stock Performance

SPDR Portfolio Corporate Bond ETF stock opened at $28.93 on Friday. The company’s 50-day moving average is $29.46 and its 200-day moving average is $29.51. 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 Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1225 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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.