SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Purchased by TrueMark Investments LLC

TrueMark Investments LLC raised its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 2,888.4% in the fourth quarter, Holdings Channel reports. The firm owned 505,908 shares of the company’s stock after acquiring an additional 488,979 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF comprises approximately 2.9% of TrueMark Investments LLC’s investment portfolio, making the stock its biggest position. TrueMark Investments LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $15,278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Westfuller Advisors LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth approximately $27,000. Bessemer Group Inc. bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at $30,000. Smartleaf Asset Management LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares during the last quarter. AlphaCore Capital LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth $37,000. Finally, Ameritas Investment Partners Inc. raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 88.4% during the second quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock worth $58,000 after acquiring an additional 894 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB stock opened at $29.98 on Monday. The company has a fifty day moving average price of $30.19 and a two-hundred day moving average price of $30.21. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.74 and a one year high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1063 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. 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.