SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Reaches New 52-Week Low – Here’s What Happened

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) hit a new 52-week low during trading on Wednesday . The company traded as low as $27.92 and last traded at $27.9150, with a volume of 109718 shares traded. The stock had previously closed at $28.15.

SPDR Portfolio Corporate Bond ETF Trading Down 1.0%

The stock’s fifty day moving average is $28.38 and its 200-day moving average is $28.78.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Institutional investors have recently modified their holdings of the business. SHP Wealth Management acquired a new position in SPDR Portfolio Corporate Bond ETF in the 4th quarter worth about $38,000. Creative Capital Management Investments LLC purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF in the first quarter valued at approximately $39,000. Root Financial Partners LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter worth approximately $63,000. Western Wealth Management LLC purchased a new position in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter valued at approximately $142,000. Finally, Fifth Third Bancorp grew its stake in SPDR Portfolio Corporate Bond ETF by 4,339.5% in the 1st quarter. Fifth Third Bancorp now owns 6,748 shares of the company’s stock valued at $196,000 after acquiring an additional 6,596 shares during the period.

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.