Summit Financial Wealth Advisors LLC Grows Stock Position in SPDR Portfolio Corporate Bond ETF $SPBO

Summit Financial Wealth Advisors LLC raised its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 8.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 795,071 shares of the company’s stock after acquiring an additional 61,264 shares during the period. SPDR Portfolio Corporate Bond ETF accounts for about 4.2% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 5th biggest holding. Summit Financial Wealth Advisors LLC’s holdings in SPDR Portfolio Corporate Bond ETF were worth $23,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPBO. Creative Financial Designs Inc. ADV increased its position in shares of SPDR Portfolio Corporate Bond ETF by 17.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,934 shares of the company’s stock worth $86,000 after acquiring an additional 432 shares in the last quarter. Allworth Financial LP bought a new stake in SPDR Portfolio Corporate Bond ETF in the 2nd quarter valued at $103,000. Truist Financial Corp acquired a new position in SPDR Portfolio Corporate Bond ETF in the 2nd quarter worth $201,000. Bank of Montreal Can increased its holdings in SPDR Portfolio Corporate Bond ETF by 30.7% during the 2nd quarter. Bank of Montreal Can now owns 7,333 shares of the company’s stock worth $214,000 after purchasing an additional 1,722 shares in the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 2nd quarter valued at about $272,000.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPDR Portfolio Corporate Bond ETF stock opened at $29.33 on Monday. SPDR Portfolio Corporate Bond ETF has a one year low of $27.84 and a one year high of $29.93. The stock’s 50-day moving average is $29.57 and its 200-day moving average is $29.32.

About SPDR Portfolio Corporate Bond ETF

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.