Gerber Kawasaki Wealth & Investment Management Decreases Stock Holdings in SPDR Portfolio Corporate Bond ETF $SPBO

Gerber Kawasaki Wealth & Investment Management reduced its position in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 83.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,753 shares of the company’s stock after selling 1,060,118 shares during the period. Gerber Kawasaki Wealth & Investment Management owned about 0.33% of SPDR Portfolio Corporate Bond ETF worth $5,978,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 82.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after purchasing an additional 398 shares during the last quarter. Advisory Services Network LLC purchased a new stake in SPDR Portfolio Corporate Bond ETF in the third quarter valued at $49,000. Eastern Bank purchased a new stake in SPDR Portfolio Corporate Bond ETF in the fourth quarter valued at $53,000. Archer Investment Corp purchased a new stake in SPDR Portfolio Corporate Bond ETF in the fourth quarter valued at $69,000. Finally, MAI Capital Management lifted its position in SPDR Portfolio Corporate Bond ETF by 15.6% in the third quarter. MAI Capital Management now owns 3,411 shares of the company’s stock valued at $101,000 after acquiring an additional 460 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of SPBO opened at $29.00 on Friday. SPDR Portfolio Corporate Bond ETF has a 1-year low of $28.57 and a 1-year high of $29.93. The firm has a fifty day moving average price of $29.01 and a 200 day moving average price of $29.25.

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.