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 stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $27.90 and traded as high as $28.03. SPDR Portfolio Corporate Bond ETF shares last traded at $28.00, with a volume of 798,885 shares changing hands.

SPDR Portfolio Corporate Bond ETF Trading Up 0.6%

The company has a fifty day simple moving average of $27.90 and a two-hundred day simple moving average of $28.73.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Portfolio Corporate Bond ETF in the third quarter valued at about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth about $37,000. Richardson Financial Services Inc. bought a new stake in SPDR Portfolio Corporate Bond ETF in the third quarter valued at approximately $39,000. Cherry Tree Wealth Management LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth $47,000. Finally, Eastern Bank acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the third quarter worth about $49,000.

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.