SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Reaches New 12-Month Low – Here’s What Happened

Shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $28.55 and last traded at $28.56, with a volume of 39525 shares trading hands. The stock had previously closed at $28.64.

SPDR Portfolio Corporate Bond ETF Stock Performance

The business’s fifty day moving average price is $28.90 and its 200 day moving average price is $29.14.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPBO. North Dakota State Investment Board acquired a new stake in SPDR Portfolio Corporate Bond ETF during the 4th quarter valued at approximately $31,953,000. Ameriprise Financial Inc. raised its holdings in SPDR Portfolio Corporate Bond ETF by 15.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock worth $217,450,000 after purchasing an additional 988,964 shares during the last quarter. Assetmark Inc. lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 47.0% in the 1st quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock worth $63,002,000 after purchasing an additional 694,327 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 491.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 755,118 shares of the company’s stock worth $22,155,000 after purchasing an additional 627,359 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at $10,376,000.

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.