SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Trading Down 0.8% – Should You Sell?

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO)’s stock price traded down 0.8% on Thursday . The company traded as low as $28.50 and last traded at $28.56. 850,114 shares were traded during mid-day trading, an increase of 100% from the average session volume of 424,971 shares. The stock had previously closed at $28.79.

SPDR Portfolio Corporate Bond ETF Price Performance

The company’s 50 day moving average is $29.21 and its 200-day moving average is $29.32.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of SPDR Portfolio Corporate Bond ETF in the 2nd quarter worth about $26,000. Creative Financial Designs Inc. ADV lifted its stake in shares of SPDR Portfolio Corporate Bond ETF by 638.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,012 shares of the company’s stock worth $30,000 after buying an additional 875 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the second quarter valued at approximately $273,000. Private Trust Co. NA grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 8.1% during the third quarter. Private Trust Co. NA now owns 11,125 shares of the company’s stock valued at $334,000 after buying an additional 832 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of SPDR Portfolio Corporate Bond ETF by 14,795.9% during the third quarter. Farther Finance Advisors LLC now owns 14,598 shares of the company’s stock valued at $438,000 after acquiring an additional 14,500 shares in the last quarter.

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.