Gerber Kawasaki Wealth & Investment Management Acquires New Shares in SPDR Portfolio Corporate Bond ETF $SPBO

Gerber Kawasaki Wealth & Investment Management bought a new position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) in the third quarter, HoldingsChannel.com reports. The fund bought 1,793,161 shares of the company’s stock, valued at approximately $49,294,000. SPDR Portfolio Corporate Bond ETF makes up approximately 1.3% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Next Level Wealth Planning LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at $433,000. Vise Technologies Inc. bought a new stake in SPDR Portfolio Corporate Bond ETF in the third quarter valued at $604,000. Creative Capital Management Investments LLC bought a new stake in SPDR Portfolio Corporate Bond ETF in the third quarter valued at $37,000. North Dakota State Investment Board acquired a new position in SPDR Portfolio Corporate Bond ETF during the third quarter worth $8,575,000. Finally, Asset Management One Co. Ltd. acquired a new position in SPDR Portfolio Corporate Bond ETF during the third quarter worth $2,160,000.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of NYSEARCA SPBO opened at $27.85 on Tuesday. The business has a fifty day moving average of $27.92 and a two-hundred day moving average of $28.74. SPDR Portfolio Corporate Bond ETF has a 52-week low of $27.25 and a 52-week high of $29.74.

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.