Ritholtz Wealth Management Boosts Stake in SPDR Portfolio Corporate Bond ETF $SPBO

Ritholtz Wealth Management lifted its stake in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 24.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,235 shares of the company’s stock after buying an additional 19,451 shares during the period. Ritholtz Wealth Management owned approximately 0.15% of SPDR Portfolio Corporate Bond ETF worth $2,910,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in SPDR Portfolio Corporate Bond ETF by 82.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after acquiring an additional 398 shares during the last quarter. SHP Wealth Management purchased a new stake in SPDR Portfolio Corporate Bond ETF during the 4th quarter valued at about $38,000. Advisory Services Network LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF during the 3rd quarter valued at about $49,000. Eastern Bank purchased a new stake in SPDR Portfolio Corporate Bond ETF during the 4th quarter valued at about $53,000. Finally, Archer Investment Corp acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the fourth quarter valued at about $69,000.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of NYSEARCA:SPBO opened at $29.15 on Friday. SPDR Portfolio Corporate Bond ETF has a 52-week low of $28.57 and a 52-week high of $29.93. The business has a 50-day moving average price of $29.00 and a 200-day moving average price of $29.21.

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.