Eldridge Investment Advisors Inc. Has $4.53 Million Holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO)

Eldridge Investment Advisors Inc. boosted its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 135.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,853 shares of the company’s stock after acquiring an additional 88,586 shares during the period. SPDR Portfolio Corporate Bond ETF accounts for 1.2% of Eldridge Investment Advisors Inc.’s investment portfolio, making the stock its 22nd biggest holding. Eldridge Investment Advisors Inc. owned approximately 0.44% of SPDR Portfolio Corporate Bond ETF worth $4,525,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPBO. Janney Montgomery Scott LLC bought a new stake in SPDR Portfolio Corporate Bond ETF during the third quarter valued at about $270,000. Avior Wealth Management LLC bought a new stake in SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at about $543,000. NBC Securities Inc. bought a new stake in SPDR Portfolio Corporate Bond ETF during the third quarter valued at about $611,000. Jackson Creek Investment Advisors LLC boosted its holdings in SPDR Portfolio Corporate Bond ETF by 1.9% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 20,966 shares of the company’s stock valued at $617,000 after acquiring an additional 391 shares during the period. Finally, Arkansas Financial Group Inc. boosted its holdings in SPDR Portfolio Corporate Bond ETF by 9.8% during the third quarter. Arkansas Financial Group Inc. now owns 167,729 shares of the company’s stock valued at $4,626,000 after acquiring an additional 14,913 shares during the period.

SPDR Portfolio Corporate Bond ETF Stock Up 0.5 %

SPBO stock traded up $0.15 during mid-day trading on Thursday, reaching $28.36. 522,533 shares of the stock traded hands, compared to its average volume of 401,515. SPDR Portfolio Corporate Bond ETF has a 52 week low of $26.75 and a 52 week high of $29.60. The business has a 50-day moving average of $28.71 and a two-hundred day moving average of $28.61.

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.