Jefferies Group acquired 5.13 Million SSgA Active Trust - SPDR Portfolio Intermediate Term Corporate Bond ETF shares worth $169 Million. That's 2.35% of their equity portfolio (6th largest holding). The investor owns 25.60% of the outstanding SSgA Active Trust - SPDR Portfolio Intermediate Term Corporate Bond ETF stock. The first SSgA Active Trust - SPDR Portfolio Intermediate Term Corporate Bond ETF trade was made in Q1 2023. Since then Jefferies Group bought shares four more times and sold shares on two occasions. The investor's estimated purchase price is $170 Million, resulting in a loss of 0.6%.
Investors are could be facing the polar opposite of the Goldilocks scenario of just-right conditions, according to Leuthold Group CIO Doug Ramsey.
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