Breakwater Capital Group Has $4.97 Million Holdings in SPDR Portfolio Corporate Bond ETF $SPBO

Breakwater Capital Group increased its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 34.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,865 shares of the company’s stock after purchasing an additional 42,575 shares during the period. Breakwater Capital Group owned approximately 0.29% of SPDR Portfolio Corporate Bond ETF worth $4,974,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 2.7% in the second quarter. Bank of America Corp DE now owns 2,702,160 shares of the company’s stock worth $78,957,000 after buying an additional 71,447 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of SPDR Portfolio Corporate Bond ETF by 58.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock valued at $69,978,000 after acquiring an additional 866,827 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 8.3% in the 3rd quarter. AE Wealth Management LLC now owns 1,737,659 shares of the company’s stock valued at $51,487,000 after acquiring an additional 132,678 shares in the last quarter. Procyon Advisors LLC raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 4.1% in the 3rd quarter. Procyon Advisors LLC now owns 1,404,577 shares of the company’s stock valued at $41,618,000 after acquiring an additional 55,301 shares in the last quarter. Finally, CW Advisors LLC lifted its holdings in SPDR Portfolio Corporate Bond ETF by 3.4% in the 2nd quarter. CW Advisors LLC now owns 1,179,900 shares of the company’s stock worth $34,477,000 after purchasing an additional 39,069 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Up 0.1%

Shares of SPDR Portfolio Corporate Bond ETF stock opened at $29.42 on Monday. SPDR Portfolio Corporate Bond ETF has a 12-month low of $27.84 and a 12-month high of $29.93. The stock has a 50 day moving average price of $29.41 and a two-hundred day moving average price of $29.46.

SPDR Portfolio Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.123 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.0%. This is an increase from SPDR Portfolio Corporate Bond ETF’s previous monthly dividend of $0.12.

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.