SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Shares Down 0.8% – What’s Next?

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO)’s share price traded down 0.8% during mid-day trading on Thursday . The company traded as low as $28.50 and last traded at $28.56. 850,114 shares changed hands during trading, an increase of 100% from the average session volume of 424,971 shares. The stock had previously closed at $28.79.

SPDR Portfolio Corporate Bond ETF Price Performance

The firm’s 50 day moving average price is $29.22 and its 200-day moving average price is $29.32.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arkansas Financial Group Inc. boosted its stake in SPDR Portfolio Corporate Bond ETF by 23.6% during the 3rd quarter. Arkansas Financial Group Inc. now owns 332,446 shares of the company’s stock worth $9,983,000 after acquiring an additional 63,452 shares during the last quarter. Sanibel Captiva Trust Company Inc. bought a new position in shares of SPDR Portfolio Corporate Bond ETF during the third quarter worth $901,000. Farther Finance Advisors LLC grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 14,795.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 14,598 shares of the company’s stock valued at $438,000 after buying an additional 14,500 shares during the period. Eldridge Investment Advisors Inc. raised its stake in 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 buying an additional 12,815 shares during the period. Finally, Parallel Advisors LLC bought a new position in SPDR Portfolio Corporate Bond ETF during the second quarter worth about $273,000.

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.