SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $27.96 and traded as high as $27.98. SPDR Portfolio Corporate Bond ETF shares last traded at $27.97, with a volume of 330,656 shares trading hands.

SPDR Portfolio Corporate Bond ETF Trading Up 0.3%

The business’s fifty day simple moving average is $27.96 and its two-hundred day simple moving average is $28.77.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Large investors have recently bought and sold shares of the stock. North Dakota State Investment Board purchased a new position in shares of SPDR Portfolio Corporate Bond ETF during the third quarter worth approximately $8,575,000. Asset Management One Co. Ltd. purchased a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at $2,160,000. Park Avenue Securities LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at $1,493,000. National Wealth Management Group LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at $1,413,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at $13,871,000.

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.