Kingdom Financial Group LLC. Increases Position in SPDR Portfolio Corporate Bond ETF $SPBO

Kingdom Financial Group LLC. lifted its position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 191.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,494 shares of the company’s stock after acquiring an additional 33,801 shares during the period. SPDR Portfolio Corporate Bond ETF accounts for approximately 0.9% of Kingdom Financial Group LLC.’s investment portfolio, making the stock its 20th biggest holding. Kingdom Financial Group LLC.’s holdings in SPDR Portfolio Corporate Bond ETF were worth $1,526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its stake in SPDR Portfolio Corporate Bond ETF by 17.3% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,934 shares of the company’s stock valued at $86,000 after purchasing 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 second quarter worth about $103,000. Truist Financial Corp acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the second quarter worth about $201,000. Bank of Montreal Can boosted its position in SPDR Portfolio Corporate Bond ETF by 30.7% in the second quarter. Bank of Montreal Can now owns 7,333 shares of the company’s stock valued at $214,000 after buying an additional 1,722 shares during the last quarter. Finally, Caldwell Trust Co purchased a new stake in SPDR Portfolio Corporate Bond ETF in the second quarter valued at approximately $272,000.

SPDR Portfolio Corporate Bond ETF Price Performance

SPBO opened at $29.47 on Friday. SPDR Portfolio Corporate Bond ETF has a 12-month low of $27.84 and a 12-month high of $29.93. The firm has a 50 day moving average of $29.43 and a two-hundred day moving average of $29.41.

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.