SPDR Portfolio Corporate Bond ETF $SPBO Shares Sold by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management cut its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 83.9% during the fourth quarter, HoldingsChannel reports. The firm owned 203,753 shares of the company’s stock after selling 1,060,118 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Portfolio Corporate Bond ETF were worth $5,978,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SPBO. Arkansas Financial Group Inc. grew its position in SPDR Portfolio Corporate Bond ETF by 12.6% during the fourth quarter. Arkansas Financial Group Inc. now owns 820,153 shares of the company’s stock worth $24,063,000 after buying an additional 91,532 shares during the period. Valmark Advisers Inc. grew its position in SPDR Portfolio Corporate Bond ETF by 75.1% during the fourth quarter. Valmark Advisers Inc. now owns 358,456 shares of the company’s stock worth $10,517,000 after buying an additional 153,695 shares during the period. Breakwater Capital Group grew its position in SPDR Portfolio Corporate Bond ETF by 19.2% during the fourth quarter. Breakwater Capital Group now owns 200,119 shares of the company’s stock worth $5,871,000 after buying an additional 32,254 shares during the period. Mach 1 Financial Group LLC acquired a new position in SPDR Portfolio Corporate Bond ETF during the fourth quarter worth about $1,166,000. Finally, AE Wealth Management LLC grew its position in SPDR Portfolio Corporate Bond ETF by 13.7% during the fourth quarter. AE Wealth Management LLC now owns 1,974,900 shares of the company’s stock worth $57,944,000 after buying an additional 237,241 shares during the period.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPBO opened at $29.00 on Friday. SPDR Portfolio Corporate Bond ETF has a twelve month low of $28.57 and a twelve month high of $29.93. The firm’s 50-day moving average is $29.01 and its two-hundred day moving average is $29.25.

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.