Valmark Advisers Inc. Has $8.96 Million Stake in SPDR Portfolio Corporate Bond ETF $SPBO

Valmark Advisers Inc. decreased its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 13.9% in the 1st quarter, HoldingsChannel reports. The firm owned 308,596 shares of the company’s stock after selling 49,860 shares during the quarter. Valmark Advisers Inc.’s holdings in SPDR Portfolio Corporate Bond ETF were worth $8,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 15.6% in the third quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock valued at $217,450,000 after buying an additional 988,964 shares in the last quarter. LPL Financial LLC lifted its position in SPDR Portfolio Corporate Bond ETF by 3.4% during the 4th quarter. LPL Financial LLC now owns 3,029,120 shares of the company’s stock worth $88,874,000 after buying an additional 100,339 shares in the last quarter. Bank of America Corp DE grew its holdings in SPDR Portfolio Corporate Bond ETF by 0.9% during the 3rd quarter. Bank of America Corp DE now owns 2,727,109 shares of the company’s stock worth $80,804,000 after acquiring an additional 24,949 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 13.7% in the fourth quarter. AE Wealth Management LLC now owns 1,974,900 shares of the company’s stock worth $57,944,000 after acquiring an additional 237,241 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 13.1% in the fourth quarter. Osaic Holdings Inc. now owns 1,541,476 shares of the company’s stock worth $45,227,000 after acquiring an additional 178,346 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPBO stock traded down $0.05 during trading hours on Friday, reaching $28.70. 776,987 shares of the company were exchanged, compared to its average volume of 688,275. SPDR Portfolio Corporate Bond ETF has a fifty-two week low of $28.57 and a fifty-two week high of $29.93. The stock’s fifty day moving average is $28.94 and its two-hundred day moving average is $29.17.

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.