Mach 1 Financial Group LLC Purchases New Position in SPDR Portfolio Corporate Bond ETF $SPBO

Mach 1 Financial Group LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 39,751 shares of the company’s stock, valued at approximately $1,166,000.

Several other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of 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 valued at $217,450,000 after acquiring an additional 988,964 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 0.9% in the 3rd quarter. Bank of America Corp DE now owns 2,727,109 shares of the company’s stock worth $80,804,000 after acquiring an additional 24,949 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 13.7% in the 4th quarter. AE Wealth Management LLC now owns 1,974,900 shares of the company’s stock worth $57,944,000 after acquiring an additional 237,241 shares in the last quarter. Procyon Advisors LLC boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 6.3% in the 4th quarter. Procyon Advisors LLC now owns 1,493,672 shares of the company’s stock worth $43,824,000 after acquiring an additional 89,095 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 5.2% in the 4th quarter. Assetmark Inc. now owns 1,475,908 shares of the company’s stock worth $43,303,000 after acquiring an additional 72,388 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPBO opened at $28.80 on Thursday. SPDR Portfolio Corporate Bond ETF has a one year low of $28.28 and a one year high of $29.93. The business’s 50 day simple moving average is $29.01 and its 200-day simple moving average is $29.30.

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.