SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Shares Down 0.3% – Should You Sell?

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was down 0.3% during trading on Tuesday . The stock traded as low as $28.76 and last traded at $28.79. Approximately 831,661 shares were traded during trading, a decline of 20% from the average daily volume of 1,041,260 shares. The stock had previously closed at $28.89.

SPDR Portfolio Corporate Bond ETF Stock Performance

The business has a fifty day moving average of $28.73 and a two-hundred day moving average of $29.25.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Several large investors have recently modified their holdings of SPBO. Enstar Group LTD bought a new stake in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter worth approximately $7,916,000. Ameriprise Financial Inc. boosted its stake in SPDR Portfolio Corporate Bond ETF by 38.2% in the 4th quarter. Ameriprise Financial Inc. now owns 1,205,293 shares of the company’s stock valued at $34,533,000 after purchasing an additional 332,895 shares during the period. Parallel Advisors LLC grew its holdings in SPDR Portfolio Corporate Bond ETF by 17.5% in the 4th quarter. Parallel Advisors LLC now owns 17,057 shares of the company’s stock valued at $489,000 after buying an additional 2,544 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in SPDR Portfolio Corporate Bond ETF by 108.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,113 shares of the company’s stock worth $61,000 after buying an additional 1,101 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 3.7% during the fourth quarter. Farther Finance Advisors LLC now owns 15,144 shares of the company’s stock worth $434,000 after buying an additional 546 shares in 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.