AE Wealth Management LLC Raises Stock Position in SPDR Portfolio Corporate Bond ETF $SPBO

AE Wealth Management LLC increased its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 8.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,737,659 shares of the company’s stock after acquiring an additional 132,678 shares during the period. AE Wealth Management LLC owned approximately 3.00% of SPDR Portfolio Corporate Bond ETF worth $51,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in shares of SPDR Portfolio Corporate Bond ETF by 58.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock valued at $69,978,000 after buying an additional 866,827 shares during the period. Financial Gravity Companies Inc. purchased a new position in SPDR Portfolio Corporate Bond ETF during the 2nd quarter valued at $10,956,000. Arkansas Financial Group Inc. grew its position in SPDR Portfolio Corporate Bond ETF by 29.4% in the 3rd quarter. Arkansas Financial Group Inc. now owns 713,518 shares of the company’s stock valued at $21,127,000 after acquiring an additional 162,250 shares during the last quarter. APS Management Group Inc. purchased a new stake in SPDR Portfolio Corporate Bond ETF in the third quarter worth $3,763,000. Finally, Summit Financial Wealth Advisors LLC increased its stake in SPDR Portfolio Corporate Bond ETF by 15.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 916,928 shares of the company’s stock worth $27,141,000 after purchasing an additional 121,857 shares during the period.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPBO opened at $29.46 on Thursday. The firm has a fifty day moving average price of $29.44 and a 200-day moving average price of $29.43. SPDR Portfolio Corporate Bond ETF has a 12-month low of $27.84 and a 12-month high of $29.93.

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.