Envestnet Portfolio Solutions Inc. Makes New Investment in SPDR Portfolio Corporate Bond ETF $SPBO

Envestnet Portfolio Solutions Inc. purchased a new position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) during the 4th quarter, Holdings Channel reports. The fund purchased 36,704 shares of the company’s stock, valued at approximately $1,077,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. North Dakota State Investment Board bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at about $31,953,000. Tennessee Valley Asset Management Partners raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 12.8% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 8,736 shares of the company’s stock valued at $256,000 after purchasing an additional 991 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 1.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 294,036 shares of the company’s stock valued at $8,652,000 after purchasing an additional 3,616 shares during the period. Ameritas Advisory Services LLC raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 6,500.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 9,768 shares of the company’s stock valued at $287,000 after purchasing an additional 9,620 shares during the period. Finally, World Investment Advisors raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 13.4% in the 4th quarter. World Investment Advisors now owns 48,380 shares of the company’s stock valued at $1,419,000 after purchasing an additional 5,734 shares during the period.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPBO stock opened at $28.90 on Monday. The firm’s 50-day moving average is $29.00 and its 200-day moving average is $29.29. SPDR Portfolio Corporate Bond ETF has a 52-week low of $28.43 and a 52-week 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.