Sterling Manor Financial LLC Makes New $20.90 Million Investment in SPDR Portfolio Corporate Bond ETF $SPBO

Sterling Manor Financial LLC acquired a new position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 760,411 shares of the company’s stock, valued at approximately $20,904,000. SPDR Portfolio Corporate Bond ETF comprises about 12.0% of Sterling Manor Financial LLC’s investment portfolio, making the stock its biggest position. Sterling Manor Financial LLC owned approximately 0.99% of SPDR Portfolio Corporate Bond ETF at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth $28,000. SHP Wealth Management bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at about $38,000. Creative Capital Management Investments LLC bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 1st quarter valued at about $39,000. Cherry Tree Wealth Management LLC bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at about $47,000. Finally, Eastern Bank acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the third quarter valued at about $49,000.

SPDR Portfolio Corporate Bond ETF Trading Up 0.1%

Shares of SPBO stock traded up $0.01 on Wednesday, hitting $27.75. The company had a trading volume of 137,532 shares, compared to its average volume of 635,790. SPDR Portfolio Corporate Bond ETF has a twelve month low of $27.25 and a twelve month high of $29.93. The stock’s 50-day moving average is $28.01 and its two-hundred day moving average is $28.58.

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.