ShoreHaven Wealth Partners LLC Makes New $1.25 Million Investment in SPDR Portfolio Corporate Bond ETF $SPBO

ShoreHaven Wealth Partners LLC purchased a new position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 45,518 shares of the company’s stock, valued at approximately $1,251,000. ShoreHaven Wealth Partners LLC owned 0.06% of SPDR Portfolio Corporate Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPBO. Assetmark Inc. increased its holdings in SPDR Portfolio Corporate Bond ETF by 47.0% in the first quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock valued at $63,002,000 after purchasing an additional 694,327 shares during the period. Procyon Advisors LLC lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 16.5% during the 1st quarter. Procyon Advisors LLC now owns 1,740,756 shares of the company’s stock valued at $50,534,000 after acquiring an additional 247,084 shares during the period. Summit Financial Wealth Advisors LLC bought a new position in SPDR Portfolio Corporate Bond ETF during the third quarter worth $31,419,000. Royal Bank of Canada increased its stake in SPDR Portfolio Corporate Bond ETF by 29.8% during the 1st quarter. Royal Bank of Canada now owns 340,386 shares of the company’s stock valued at $9,881,000 after purchasing an additional 78,224 shares in the last quarter. Finally, Hobart Private Capital LLC bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the second quarter valued at approximately $8,935,000.

SPDR Portfolio Corporate Bond ETF Stock Down 0.1%

Shares of SPBO stock opened at $27.78 on Friday. SPDR Portfolio Corporate Bond ETF has a 52-week low of $27.25 and a 52-week high of $29.93. The company has a 50-day simple moving average of $28.04 and a two-hundred day simple moving average of $28.60.

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.