Royal Bank of Canada Buys 78,224 Shares of SPDR Portfolio Corporate Bond ETF $SPBO

Royal Bank of Canada grew its stake in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 29.8% during the first quarter, HoldingsChannel.com reports. The fund owned 340,386 shares of the company’s stock after buying an additional 78,224 shares during the quarter. Royal Bank of Canada’s holdings in SPDR Portfolio Corporate Bond ETF were worth $9,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SPBO. North Dakota State Investment Board purchased a new position in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at approximately $31,953,000. Ameriprise Financial Inc. boosted its holdings in SPDR Portfolio Corporate Bond ETF by 15.6% in the third quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock worth $217,450,000 after purchasing an additional 988,964 shares during the last quarter. Assetmark Inc. boosted its holdings in SPDR Portfolio Corporate Bond ETF by 47.0% in the first quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock worth $63,002,000 after purchasing an additional 694,327 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in SPDR Portfolio Corporate Bond ETF in the 4th quarter worth approximately $10,376,000. Finally, Procyon Advisors LLC grew its position in SPDR Portfolio Corporate Bond ETF by 16.5% in the 1st quarter. Procyon Advisors LLC now owns 1,740,756 shares of the company’s stock worth $50,534,000 after purchasing an additional 247,084 shares during the period.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPBO opened at $28.51 on Monday. The firm has a fifty day simple moving average of $28.79 and a two-hundred day simple moving average of $29.05. SPDR Portfolio Corporate Bond ETF has a 1-year low of $28.37 and a 1-year 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.