Valmark Advisers Inc. Grows Stake in SPDR Portfolio Corporate Bond ETF $SPBO

Valmark Advisers Inc. grew its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 70.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,156 shares of the company’s stock after purchasing an additional 86,009 shares during the period. Valmark Advisers Inc. owned approximately 0.37% of SPDR Portfolio Corporate Bond ETF worth $6,082,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in shares of SPDR Portfolio Corporate Bond ETF by 443.6% in the 1st quarter. Ameriprise Financial Inc. now owns 6,552,185 shares of the company’s stock valued at $190,217,000 after acquiring an additional 5,346,892 shares during the period. Exchange Traded Concepts LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF during the 2nd quarter valued at about $43,681,000. Arkansas Financial Group Inc. grew its stake in SPDR Portfolio Corporate Bond ETF by 8.6% during the 2nd quarter. Arkansas Financial Group Inc. now owns 551,268 shares of the company’s stock valued at $15,910,000 after purchasing an additional 43,606 shares during the last quarter. Sterling Manor Financial LLC grew its stake in SPDR Portfolio Corporate Bond ETF by 5.3% during the 2nd quarter. Sterling Manor Financial LLC now owns 538,925 shares of the company’s stock valued at $15,747,000 after purchasing an additional 27,220 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the 1st quarter valued at about $10,170,000.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPBO stock opened at $29.58 on Wednesday. SPDR Portfolio Corporate Bond ETF has a 52-week low of $27.84 and a 52-week high of $29.85. The business has a 50-day simple moving average of $29.42 and a 200-day simple moving average of $28.99.

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.