Valmark Advisers Inc. Buys 153,695 Shares of SPDR Portfolio Corporate Bond ETF $SPBO

Valmark Advisers Inc. raised its stake in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 75.1% in the 4th quarter, HoldingsChannel reports. The firm owned 358,456 shares of the company’s stock after purchasing an additional 153,695 shares during the period. Valmark Advisers Inc.’s holdings in SPDR Portfolio Corporate Bond ETF were worth $10,517,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 3rd quarter worth approximately $659,000. Kingdom Financial Group LLC. lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 191.0% in the 3rd quarter. Kingdom Financial Group LLC. now owns 51,494 shares of the company’s stock worth $1,526,000 after acquiring an additional 33,801 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 5.4% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 357,425 shares of the company’s stock worth $10,591,000 after acquiring an additional 18,379 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 15.3% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 916,928 shares of the company’s stock worth $27,141,000 after acquiring an additional 121,857 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 64.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 127,759 shares of the company’s stock worth $3,786,000 after acquiring an additional 50,004 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPBO opened at $29.24 on Wednesday. SPDR Portfolio Corporate Bond ETF has a fifty-two week low of $28.28 and a fifty-two week high of $29.93. The firm has a 50 day moving average price of $29.25 and a 200-day moving average price of $29.42.

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.