171,725 Shares in SPDR Portfolio Corporate Bond ETF $SPBO Acquired by Melone Private Wealth LLC

Melone Private Wealth LLC bought a new position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 171,725 shares of the company’s stock, valued at approximately $4,721,000. SPDR Portfolio Corporate Bond ETF accounts for about 1.9% of Melone Private Wealth LLC’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds have also bought and sold shares of the stock. Arrien Investments Inc. raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 4.7% in the first quarter. Arrien Investments Inc. now owns 13,785 shares of the company’s stock worth $400,000 after buying an additional 617 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 2.0% during the fourth quarter. Corient Private Wealth LLC now owns 32,467 shares of the company’s stock valued at $953,000 after buying an additional 645 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the third quarter valued at $28,000. SHP Wealth Management acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at $38,000. Finally, Creative Capital Management Investments LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the 1st quarter valued at $39,000.

SPDR Portfolio Corporate Bond ETF Stock Performance

SPBO stock traded down $0.02 during midday trading on Friday, reaching $27.78. The stock had a trading volume of 453,503 shares, compared to its average volume of 639,248. The firm has a fifty day simple moving average of $28.04 and a two-hundred day simple moving average of $28.60. SPDR Portfolio Corporate Bond ETF has a 52-week low of $27.25 and a 52-week high of $29.93.

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.