Truist Financial Corp Invests $201,000 in SPDR Portfolio Corporate Bond ETF $SPBO

Truist Financial Corp acquired a new stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,895 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SPBO. Creative Financial Designs Inc. ADV grew its stake in shares of SPDR Portfolio Corporate Bond ETF by 18.4% in the first quarter. Creative Financial Designs Inc. ADV now owns 2,502 shares of the company’s stock valued at $73,000 after buying an additional 389 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the first quarter valued at $10,170,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the first quarter valued at $474,000. Flow Traders U.S. LLC bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the first quarter valued at $4,938,000. Finally, Ameriprise Financial Inc. grew its stake in shares of SPDR Portfolio Corporate Bond ETF by 443.6% in the first quarter. Ameriprise Financial Inc. now owns 6,552,185 shares of the company’s stock valued at $190,217,000 after buying an additional 5,346,892 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

NYSEARCA:SPBO opened at $29.78 on Friday. SPDR Portfolio Corporate Bond ETF has a 1-year low of $27.84 and a 1-year high of $29.85. The firm has a fifty day simple moving average of $29.50 and a 200 day simple moving average of $29.03.

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.