SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Reaches New 12-Month Low – Here’s What Happened

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBOGet Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $28.55 and last traded at $28.56, with a volume of 39525 shares trading hands. The stock had previously closed at $28.64.

SPDR Portfolio Corporate Bond ETF Stock Performance

The company’s 50 day moving average is $28.90 and its 200-day moving average is $29.14.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Several institutional investors have recently made changes to their positions in SPBO. Arkansas Financial Group Inc. grew its position in SPDR Portfolio Corporate Bond ETF by 12.6% in the 4th quarter. Arkansas Financial Group Inc. now owns 820,153 shares of the company’s stock valued at $24,063,000 after purchasing an additional 91,532 shares during the period. Mach 1 Financial Group LLC acquired a new position in SPDR Portfolio Corporate Bond ETF during the fourth quarter worth $1,166,000. Valmark Advisers Inc. raised its holdings in SPDR Portfolio Corporate Bond ETF by 75.1% during the fourth quarter. Valmark Advisers Inc. now owns 358,456 shares of the company’s stock worth $10,517,000 after buying an additional 153,695 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in shares of SPDR Portfolio Corporate Bond ETF by 12.1% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 1,027,716 shares of the company’s stock valued at $30,153,000 after buying an additional 110,788 shares in the last quarter. Finally, Flaharty Asset Management LLC lifted its stake in shares of SPDR Portfolio Corporate Bond ETF by 4.0% in the fourth quarter. Flaharty Asset Management LLC now owns 736,686 shares of the company’s stock valued at $21,614,000 after buying an additional 28,192 shares in the last quarter.

About SPDR Portfolio Corporate Bond ETF

(Get Free Report)

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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