SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sets New 12-Month Low – Time to Sell?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $29.85 and last traded at $29.85, with a volume of 3890428 shares trading hands. The stock had previously closed at $29.89.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

The business has a 50-day moving average of $29.96 and a 200 day moving average of $30.09.

Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Certified Advisory Corp raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.8% in the first quarter. Certified Advisory Corp now owns 404,924 shares of the company’s stock valued at $12,176,000 after purchasing an additional 29,305 shares during the last quarter. Strategic Point Investment Advisors LLC boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 4.1% during the fourth quarter. Strategic Point Investment Advisors LLC now owns 1,128,112 shares of the company’s stock worth $34,069,000 after purchasing an additional 44,650 shares during the last quarter. Greenberg Financial Group purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter worth about $2,251,000. Arrien Investments Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 55.7% in the 1st quarter. Arrien Investments Inc. now owns 303,552 shares of the company’s stock worth $9,128,000 after purchasing an additional 108,533 shares in the last quarter. Finally, Concord Wealth Partners grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 3.7% in the 4th quarter. Concord Wealth Partners now owns 1,062,335 shares of the company’s stock worth $32,083,000 after purchasing an additional 37,412 shares in the last quarter.

About SPDR Portfolio Short Term Corporate Bond ETF

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.