SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Reaches New 1-Year Low – Should You Sell?

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) hit a new 52-week low on Tuesday . The stock traded as low as $28.25 and last traded at $28.27, with a volume of 16110 shares. The stock had previously closed at $28.44.

SPDR Portfolio Corporate Bond ETF Trading Down 0.6%

The stock has a 50 day moving average price of $28.63 and a two-hundred day moving average price of $28.94.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of SPBO. Northwestern Mutual Wealth Management Co. increased its stake in SPDR Portfolio Corporate Bond ETF by 82.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock valued at $26,000 after purchasing an additional 398 shares in the last quarter. SHP Wealth Management purchased a new position in shares of SPDR Portfolio Corporate Bond ETF in the fourth quarter worth $38,000. Creative Capital Management Investments LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the first quarter worth $39,000. Advisory Services Network LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the third quarter worth $49,000. Finally, Root Financial Partners LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the first quarter worth $63,000.

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.