SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Hits New 12-Month High at $30.22

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.22 and last traded at $30.17, with a volume of 15149 shares trading hands. The stock had previously closed at $30.06.

SPDR Portfolio Corporate Bond ETF Stock Up 0.0 %

The business’s 50 day moving average price is $29.45 and its 200 day moving average price is $28.97.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 2nd quarter valued at about $26,000. Richardson Financial Services Inc. bought a new stake in SPDR Portfolio Corporate Bond ETF during the first quarter valued at approximately $35,000. Vermillion & White Wealth Management Group LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at approximately $56,000. Parallel Advisors LLC bought a new position in SPDR Portfolio Corporate Bond ETF in the second quarter worth approximately $273,000. Finally, Eldridge Investment Advisors Inc. boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 11.9% during the 2nd quarter. Eldridge Investment Advisors Inc. now owns 120,455 shares of the company’s stock worth $3,457,000 after acquiring an additional 12,815 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Company 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.