NorthRock Partners LLC Makes New Investment in SPDR Portfolio Corporate Bond ETF $SPBO

NorthRock Partners LLC acquired a new position in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 136,765 shares of the company’s stock, valued at approximately $4,052,000.

A number of other hedge funds have also made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 2,702,160 shares of the company’s stock valued at $78,957,000 after acquiring an additional 71,447 shares during the period. Exchange Traded Concepts LLC boosted its position in SPDR Portfolio Corporate Bond ETF by 58.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock worth $69,978,000 after purchasing an additional 866,827 shares during the period. AE Wealth Management LLC increased its holdings in 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 purchasing an additional 132,678 shares in the last quarter. Procyon Advisors LLC increased its holdings in SPDR Portfolio Corporate Bond ETF by 4.1% in the 3rd quarter. Procyon Advisors LLC now owns 1,404,577 shares of the company’s stock valued at $41,618,000 after purchasing an additional 55,301 shares in the last quarter. Finally, CW Advisors LLC raised its position in SPDR Portfolio Corporate Bond ETF by 3.4% in the second quarter. CW Advisors LLC now owns 1,179,900 shares of the company’s stock valued at $34,477,000 after purchasing an additional 39,069 shares during the period.

SPDR Portfolio Corporate Bond ETF Price Performance

NYSEARCA:SPBO opened at $28.85 on Friday. The business’s 50-day moving average is $29.45 and its two-hundred day moving average is $29.50. 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 announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1225 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

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.