JPMorgan Chase & Co. Sells 20,663 Shares of SPDR Portfolio Corporate Bond ETF $SPBO

JPMorgan Chase & Co. cut its stake in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 18.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,984 shares of the company’s stock after selling 20,663 shares during the period. JPMorgan Chase & Co. owned about 0.16% of SPDR Portfolio Corporate Bond ETF worth $2,725,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SPBO. Ameriprise Financial Inc. lifted its stake in SPDR Portfolio Corporate Bond ETF by 15.6% during the third quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock worth $217,450,000 after purchasing an additional 988,964 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of SPDR Portfolio Corporate Bond ETF by 58.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock valued at $69,978,000 after purchasing an additional 866,827 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of SPDR Portfolio Corporate Bond ETF during the 3rd quarter valued at about $8,605,000. Arkansas Financial Group Inc. lifted 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 worth $21,127,000 after buying an additional 162,250 shares during the last quarter. Finally, NorthRock Partners LLC bought a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter worth approximately $4,052,000.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPBO opened at $29.03 on Monday. SPDR Portfolio Corporate Bond ETF has a 1 year low of $27.84 and a 1 year high of $29.93. The stock has a 50 day simple moving average of $29.30 and a two-hundred day simple moving average of $29.44.

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.