Summit Financial Wealth Advisors LLC Boosts Stake in SPDR Portfolio Corporate Bond ETF $SPBO

Summit Financial Wealth Advisors LLC raised its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 9.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,126,788 shares of the company’s stock after buying an additional 99,072 shares during the quarter. SPDR Portfolio Corporate Bond ETF comprises approximately 4.6% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Summit Financial Wealth Advisors LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $32,711,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SPBO. Western Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter worth $142,000. Strategic Investment Advisors MI raised its stake in SPDR Portfolio Corporate Bond ETF by 60.9% in the first quarter. Strategic Investment Advisors MI now owns 53,190 shares of the company’s stock valued at $1,542,000 after purchasing an additional 20,139 shares in the last quarter. Royal Bank of Canada lifted its position in SPDR Portfolio Corporate Bond ETF by 29.8% during the first quarter. Royal Bank of Canada now owns 340,386 shares of the company’s stock worth $9,881,000 after purchasing an additional 78,224 shares during the period. Gateway Wealth Partners LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF during the first quarter worth about $459,000. Finally, Compound Planning Inc. grew its stake in SPDR Portfolio Corporate Bond ETF by 104.6% during the first quarter. Compound Planning Inc. now owns 52,623 shares of the company’s stock worth $1,528,000 after buying an additional 26,901 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

SPBO stock opened at $28.44 on Friday. The company’s 50-day moving average price is $28.84 and its two-hundred day moving average price is $29.09. SPDR Portfolio Corporate Bond ETF has a 12 month low of $28.39 and a 12 month high of $29.93.

SPDR Portfolio Corporate Bond ETF 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.