Private Advisor Group LLC Sells 115,717 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Private Advisor Group LLC decreased its holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 23.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 375,212 shares of the company’s stock after selling 115,717 shares during the period. Private Advisor Group LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $11,365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SPSB. Legacy Wealth Management LLC MS boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.4% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 8,148 shares of the company’s stock valued at $247,000 after acquiring an additional 342 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.1% during the third quarter. Global Retirement Partners LLC now owns 36,565 shares of the company’s stock valued at $1,108,000 after purchasing an additional 413 shares during the last quarter. Orion Capital Management LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.1% during the third quarter. Orion Capital Management LLC now owns 36,642 shares of the company’s stock valued at $1,110,000 after purchasing an additional 416 shares during the last quarter. AdvisorNet Financial Inc lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 2.8% during the third quarter. AdvisorNet Financial Inc now owns 15,767 shares of the company’s stock valued at $478,000 after purchasing an additional 423 shares during the period. Finally, Cedar Point Capital Partners LLC lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 5.1% during the third quarter. Cedar Point Capital Partners LLC now owns 9,066 shares of the company’s stock valued at $275,000 after purchasing an additional 440 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB stock opened at $30.11 on Thursday. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.74 and a 12-month high of $30.34. The firm’s 50 day moving average is $30.24 and its 200 day moving average is $30.23.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1063 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.