ST Germain D J Co. Inc. Sells 107,550 Shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO)

ST Germain D J Co. Inc. reduced its holdings in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 4.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,473,678 shares of the company’s stock after selling 107,550 shares during the quarter. SPDR Portfolio Corporate Bond ETF makes up 3.4% of ST Germain D J Co. Inc.’s portfolio, making the stock its 3rd biggest position. ST Germain D J Co. Inc. owned approximately 4.99% of SPDR Portfolio Corporate Bond ETF worth $74,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in SPDR Portfolio Corporate Bond ETF during the 2nd quarter worth $26,000. Richardson Financial Services Inc. bought a new position in shares of SPDR Portfolio Corporate Bond ETF during the first quarter worth about $35,000. Parallel Advisors LLC bought a new stake in SPDR Portfolio Corporate Bond ETF in the 2nd quarter valued at about $273,000. Sanibel Captiva Trust Company Inc. bought a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at about $901,000. Finally, Eldridge Investment Advisors Inc. boosted its stake in SPDR Portfolio Corporate Bond ETF by 11.9% during the 2nd quarter. Eldridge Investment Advisors Inc. now owns 120,455 shares of the company’s stock valued at $3,457,000 after purchasing an additional 12,815 shares during the period.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of NYSEARCA:SPBO traded down $0.02 during trading hours on Friday, hitting $29.54. The stock had a trading volume of 231,678 shares, compared to its average volume of 376,241. The stock’s fifty day simple moving average is $29.80 and its 200 day simple moving average is $29.11. SPDR Portfolio Corporate Bond ETF has a 1-year low of $26.75 and a 1-year high of $30.26.

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.