Assetmark Inc. Has $63 Million Stock Position in SPDR Portfolio Corporate Bond ETF $SPBO

Assetmark Inc. raised its stake in shares of SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) by 47.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,170,235 shares of the company’s stock after buying an additional 694,327 shares during the period. Assetmark Inc. owned 3.18% of SPDR Portfolio Corporate Bond ETF worth $63,002,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in SPDR Portfolio Corporate Bond ETF by 82.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after acquiring an additional 398 shares during the period. SHP Wealth Management acquired a new stake in SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at approximately $38,000. Creative Capital Management Investments LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF during the first quarter worth approximately $39,000. Advisory Services Network LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF during the third quarter worth approximately $49,000. Finally, Eastern Bank bought a new stake in shares of SPDR Portfolio Corporate Bond ETF in the fourth quarter valued at approximately $53,000.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPDR Portfolio Corporate Bond ETF stock opened at $28.73 on Friday. The company’s fifty day simple moving average is $28.91 and its 200-day simple moving average is $29.15. SPDR Portfolio Corporate Bond ETF has a 1 year low of $28.57 and a 1 year high of $29.93.

SPDR Portfolio Corporate Bond ETF 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.