ST Germain D J Co. Inc. Has $74.29 Million Stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO)

ST Germain D J Co. Inc. trimmed its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,473,678 shares of the company’s stock after selling 107,550 shares during the quarter. SPDR Portfolio Corporate Bond ETF accounts for approximately 3.4% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 3rd largest holding. ST Germain D J Co. Inc.’s holdings in SPDR Portfolio Corporate Bond ETF were worth $74,285,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the second quarter valued at about $26,000. Richardson Financial Services Inc. acquired a new stake in SPDR Portfolio Corporate Bond ETF in the 1st quarter valued at about $35,000. Parallel Advisors LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF in the 2nd quarter valued at about $273,000. Sanibel Captiva Trust Company Inc. bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the third quarter worth about $901,000. Finally, Eldridge Investment Advisors Inc. lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 11.9% during the second quarter. Eldridge Investment Advisors Inc. now owns 120,455 shares of the company’s stock worth $3,457,000 after purchasing an additional 12,815 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPDR Portfolio Corporate Bond ETF stock traded down $0.02 during midday trading on Friday, reaching $29.54. The company had a trading volume of 231,678 shares, compared to its average volume of 376,241. The stock has a fifty day simple moving average of $29.80 and a 200 day simple moving average of $29.11. SPDR Portfolio Corporate Bond ETF has a 1-year low of $26.75 and a 1-year high of $30.26.

About SPDR Portfolio Corporate Bond ETF

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.