Envestnet Asset Management Inc. Acquires 741,369 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Envestnet Asset Management Inc. raised its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 19.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,620,146 shares of the company’s stock after buying an additional 741,369 shares during the quarter. Envestnet Asset Management Inc. owned about 1.73% of SPDR Portfolio Short Term Corporate Bond ETF worth $139,944,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Westfuller Advisors LLC acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth $27,000. Ameritas Investment Partners Inc. increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 88.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock worth $58,000 after purchasing an additional 894 shares in the last quarter. Allworth Financial LP raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 65.2% in the 2nd quarter. Allworth Financial LP now owns 2,092 shares of the company’s stock valued at $63,000 after purchasing an additional 826 shares during the period. Root Financial Partners LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at about $71,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the second quarter worth about $71,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

NYSEARCA:SPSB opened at $30.24 on Friday. The stock has a 50-day simple moving average of $30.21 and a 200 day simple moving average of $30.22. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.74 and a 52-week high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.1079 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, February 2nd.

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.