Gerber Kawasaki Wealth & Investment Management Trims Stock Position in SPDR Portfolio Corporate Bond ETF $SPBO

Gerber Kawasaki Wealth & Investment Management decreased its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,263,871 shares of the company’s stock after selling 77,032 shares during the quarter. SPDR Portfolio Corporate Bond ETF makes up approximately 1.3% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 21st largest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Portfolio Corporate Bond ETF were worth $37,449,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC boosted its position in shares of SPDR Portfolio Corporate Bond ETF by 58.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock valued at $69,978,000 after purchasing an additional 866,827 shares during the period. Financial Gravity Companies Inc. purchased a new stake in SPDR Portfolio Corporate Bond ETF in the second quarter valued at approximately $10,956,000. Thrivent Financial for Lutherans acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the third quarter valued at approximately $8,605,000. Arkansas Financial Group Inc. grew its position in shares of SPDR Portfolio Corporate Bond ETF by 29.4% during the third quarter. Arkansas Financial Group Inc. now owns 713,518 shares of the company’s stock worth $21,127,000 after acquiring an additional 162,250 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of SPDR Portfolio Corporate Bond ETF by 8.3% in the 3rd quarter. AE Wealth Management LLC now owns 1,737,659 shares of the company’s stock valued at $51,487,000 after acquiring an additional 132,678 shares during the period.

SPDR Portfolio Corporate Bond ETF Trading Down 0.2%

SPBO stock opened at $29.30 on Monday. The company has a fifty day moving average price of $29.47 and a 200 day moving average price of $29.51. SPDR Portfolio Corporate Bond ETF has a 12 month low of $27.84 and a 12 month high of $29.93.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1225 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.