SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Stake Reduced by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. reduced its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 9.9% during the 1st quarter, HoldingsChannel reports. The firm owned 2,715,123 shares of the company’s stock after selling 297,134 shares during the period. SPDR Portfolio Corporate Bond ETF comprises about 3.9% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 3rd largest holding. ST Germain D J Co. Inc. owned approximately 0.08% of SPDR Portfolio Corporate Bond ETF worth $79,037,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPBO. Vermillion & White Wealth Management Group LLC purchased a new position in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at $56,000. Janney Montgomery Scott LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth about $270,000. Eldridge Investment Advisors Inc. lifted its position in SPDR Portfolio Corporate Bond ETF by 135.7% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 153,853 shares of the company’s stock worth $4,525,000 after acquiring an additional 88,586 shares during the period. Jackson Creek Investment Advisors LLC lifted its position in SPDR Portfolio Corporate Bond ETF by 1.9% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 20,966 shares of the company’s stock worth $617,000 after acquiring an additional 391 shares during the period. Finally, Avior Wealth Management LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF during the 4th quarter worth about $543,000.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of NYSEARCA SPBO traded up $0.13 during trading on Tuesday, reaching $28.99. 389,662 shares of the company traded hands, compared to its average volume of 359,130. The firm’s fifty day simple moving average is $28.55 and its 200 day simple moving average is $28.87. SPDR Portfolio Corporate Bond ETF has a 12-month low of $26.75 and a 12-month high of $29.60.

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.