SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Hits New 12-Month High at $29.61

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) reached a new 52-week high on Wednesday . The stock traded as high as $29.61 and last traded at $29.60, with a volume of 73815 shares traded. The stock had previously closed at $29.51.

SPDR Portfolio Corporate Bond ETF Price Performance

The stock has a 50 day moving average price of $28.98 and a 200 day moving average price of $28.83.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the fourth quarter worth $56,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 501.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 152,761 shares of the company’s stock worth $4,447,000 after acquiring an additional 127,353 shares during the period. Eldridge Investment Advisors Inc. grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 135.7% in the fourth 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 grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 1.9% in the fourth 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 bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the fourth quarter worth $543,000.

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.