APS Management Group Inc. Takes Position in SPDR Portfolio Corporate Bond ETF $SPBO

APS Management Group Inc. purchased a new stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 127,001 shares of the company’s stock, valued at approximately $3,763,000. SPDR Portfolio Corporate Bond ETF comprises approximately 2.6% of APS Management Group Inc.’s investment portfolio, making the stock its 8th largest position. APS Management Group Inc. owned approximately 0.22% of SPDR Portfolio Corporate Bond ETF as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in SPBO. Creative Financial Designs Inc. ADV grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 17.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,934 shares of the company’s stock worth $86,000 after purchasing an additional 432 shares during the last quarter. Ascent Group LLC grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 3.7% during the third quarter. Ascent Group LLC now owns 12,677 shares of the company’s stock worth $376,000 after buying an additional 458 shares in the last quarter. National Wealth Management Group LLC boosted its position in shares of SPDR Portfolio Corporate Bond ETF by 2.5% in the second quarter. National Wealth Management Group LLC now owns 26,551 shares of the company’s stock worth $776,000 after acquiring an additional 644 shares during the last quarter. ShoreHaven Wealth Partners LLC lifted its position in SPDR Portfolio Corporate Bond ETF by 2.0% during the second quarter. ShoreHaven Wealth Partners LLC now owns 45,694 shares of the company’s stock valued at $1,335,000 after buying an additional 912 shares in the last quarter. Finally, Melone Private Wealth LLC lifted its position in SPDR Portfolio Corporate Bond ETF by 1.0% during the 2nd quarter. Melone Private Wealth LLC now owns 179,257 shares of the company’s stock worth $5,215,000 after acquiring an additional 1,697 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPDR Portfolio Corporate Bond ETF stock opened at $29.40 on Wednesday. The firm’s 50-day simple moving average is $29.45 and its 200-day simple moving average is $29.39. SPDR Portfolio Corporate Bond ETF has a 1 year low of $27.84 and a 1 year high of $29.93.

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.