Exchange Traded Concepts LLC Lowers Stake in SPDR Portfolio Corporate Bond ETF $SPBO

Exchange Traded Concepts LLC trimmed its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 41.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,373,620 shares of the company’s stock after selling 988,123 shares during the period. Exchange Traded Concepts LLC owned 2.23% of SPDR Portfolio Corporate Bond ETF worth $40,302,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SPBO. Tradewinds Capital Management LLC raised its holdings in SPDR Portfolio Corporate Bond ETF by 491.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 755,118 shares of the company’s stock valued at $22,155,000 after acquiring an additional 627,359 shares during the period. SG Americas Securities LLC purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter worth about $147,000. Breakwater Capital Group grew its position in shares of SPDR Portfolio Corporate Bond ETF by 19.2% during the fourth quarter. Breakwater Capital Group now owns 200,119 shares of the company’s stock worth $5,871,000 after purchasing an additional 32,254 shares in the last quarter. Tounjian Advisory Partners LLC raised its stake in SPDR Portfolio Corporate Bond ETF by 1.4% during the 4th quarter. Tounjian Advisory Partners LLC now owns 75,554 shares of the company’s stock valued at $2,217,000 after purchasing an additional 1,042 shares during the period. Finally, Procyon Advisors LLC raised its stake in SPDR Portfolio Corporate Bond ETF by 6.3% during the 4th quarter. Procyon Advisors LLC now owns 1,493,672 shares of the company’s stock valued at $43,824,000 after purchasing an additional 89,095 shares during the period.

SPDR Portfolio Corporate Bond ETF Price Performance

NYSEARCA SPBO opened at $28.72 on Friday. SPDR Portfolio Corporate Bond ETF has a 12 month low of $27.84 and a 12 month high of $29.93. The stock’s 50 day moving average is $29.34 and its 200 day moving average is $29.47.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1225 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

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.