SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 1.3% in the first quarter, Holdings Channel.com reports. The fund owned 2,154,007 shares of the company’s stock after selling 27,559 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $64,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.5% in the 3rd quarter. Creative Planning now owns 48,756,348 shares of the company’s stock worth $1,476,830,000 after purchasing an additional 3,401,784 shares during the period. LPL Financial LLC grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock worth $284,649,000 after purchasing an additional 1,518,271 shares during the period. Valmark Advisers Inc. grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.5% during the 1st quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock worth $274,454,000 after purchasing an additional 389,971 shares during the period. Morgan Stanley grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 13.2% during the 4th quarter. Morgan Stanley now owns 8,712,343 shares of the company’s stock worth $263,113,000 after purchasing an additional 1,017,975 shares during the period. Finally, Advisory Alpha LLC increased its position in SPDR Portfolio Short Term Corporate Bond ETF by 3.1% during the 4th quarter. Advisory Alpha LLC now owns 4,365,866 shares of the company’s stock worth $131,851,000 after purchasing an additional 130,510 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

NYSEARCA SPSB opened at $29.87 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.84 and a one year high of $30.34. The company’s 50 day moving average price is $29.95 and its 200 day moving average price is $30.08.

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.