Flagship Harbor Advisors LLC Boosts Holdings in SPDR Portfolio Corporate Bond ETF $SPBO

Flagship Harbor Advisors LLC increased its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 357,425 shares of the company’s stock after acquiring an additional 18,379 shares during the period. Flagship Harbor Advisors LLC owned approximately 0.62% of SPDR Portfolio Corporate Bond ETF worth $10,591,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its holdings in SPDR Portfolio Corporate Bond ETF by 17.3% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,934 shares of the company’s stock valued at $86,000 after acquiring an additional 432 shares during the last quarter. Allworth Financial LP purchased a new position in shares of SPDR Portfolio Corporate Bond ETF in the 2nd quarter worth about $103,000. Truist Financial Corp acquired a new position in shares of SPDR Portfolio Corporate Bond ETF in the 2nd quarter valued at about $201,000. Bank of Montreal Can lifted its stake in shares of SPDR Portfolio Corporate Bond ETF by 30.7% in the 2nd quarter. Bank of Montreal Can now owns 7,333 shares of the company’s stock valued at $214,000 after purchasing an additional 1,722 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth about $244,000.

SPDR Portfolio Corporate Bond ETF Stock Down 0.0%

Shares of SPBO stock opened at $29.29 on Thursday. SPDR Portfolio Corporate Bond ETF has a fifty-two week low of $27.84 and a fifty-two week high of $29.93. The firm’s 50 day moving average price is $29.42 and its two-hundred day moving average price is $29.45.

SPDR Portfolio Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.123 per share. The ex-dividend date of this dividend is Monday, February 2nd. This is a positive change from SPDR Portfolio Corporate Bond ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.