North Dakota State Investment Board Invests $31.95 Million in SPDR Portfolio Corporate Bond ETF $SPBO

North Dakota State Investment Board bought a new position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) in the 4th quarter, Holdings Channel reports. The firm bought 1,089,068 shares of the company’s stock, valued at approximately $31,953,000. SPDR Portfolio Corporate Bond ETF comprises about 1.2% of North Dakota State Investment Board’s portfolio, making the stock its 13th largest holding.

Several other institutional investors have also recently made changes to their positions in SPBO. Bank of America Corp DE lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 2,702,160 shares of the company’s stock worth $78,957,000 after acquiring an additional 71,447 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in SPDR Portfolio Corporate Bond ETF by 100.0% during the 2nd quarter. Corient Private Wealth LLC now owns 63,644 shares of the company’s stock valued at $1,860,000 after buying an additional 31,822 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in SPDR Portfolio Corporate Bond ETF by 2.8% during the 3rd quarter. Ritholtz Wealth Management now owns 80,313 shares of the company’s stock valued at $2,380,000 after buying an additional 2,172 shares in the last quarter. Detalus Advisors LLC lifted its holdings in SPDR Portfolio Corporate Bond ETF by 10.0% during the 3rd quarter. Detalus Advisors LLC now owns 14,472 shares of the company’s stock valued at $429,000 after buying an additional 1,313 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC lifted its holdings in SPDR Portfolio Corporate Bond ETF by 8.7% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 39,862 shares of the company’s stock valued at $1,181,000 after buying an additional 3,206 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPBO opened at $28.76 on Monday. SPDR Portfolio Corporate Bond ETF has a 1-year low of $28.28 and a 1-year high of $29.93. The company has a 50-day moving average of $29.05 and a 200 day moving average of $29.33.

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.