Breakwater Capital Group Purchases 32,254 Shares of SPDR Portfolio Corporate Bond ETF $SPBO

Breakwater Capital Group lifted its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,119 shares of the company’s stock after purchasing an additional 32,254 shares during the quarter. SPDR Portfolio Corporate Bond ETF makes up about 0.8% of Breakwater Capital Group’s investment portfolio, making the stock its 27th largest position. Breakwater Capital Group owned 0.32% of SPDR Portfolio Corporate Bond ETF worth $5,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 63.6% in the second quarter. Creative Planning now owns 16,712 shares of the company’s stock valued at $488,000 after purchasing an additional 6,498 shares in the last quarter. Cetera Investment Advisers boosted its stake in SPDR Portfolio Corporate Bond ETF by 16.1% during the second quarter. Cetera Investment Advisers now owns 43,136 shares of the company’s stock worth $1,260,000 after buying an additional 5,994 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in SPDR Portfolio Corporate Bond ETF by 16.2% in the 2nd quarter. Level Four Advisory Services LLC now owns 31,275 shares of the company’s stock valued at $914,000 after buying an additional 4,356 shares during the period. CW Advisors LLC increased its holdings in SPDR Portfolio Corporate Bond ETF by 3.4% in the 2nd quarter. CW Advisors LLC now owns 1,179,900 shares of the company’s stock valued at $34,477,000 after buying an additional 39,069 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 2,702,160 shares of the company’s stock valued at $78,957,000 after buying an additional 71,447 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Down 1.1%

NYSEARCA:SPBO opened at $28.77 on Monday. The company has a 50-day moving average of $29.40 and a 200-day moving average of $29.50. SPDR Portfolio Corporate Bond ETF has a 52 week low of $27.84 and a 52 week high of $29.93.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1225 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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.