Clark Capital Management Group Inc. Lowers Stock Holdings in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Clark Capital Management Group Inc. lowered its position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 64.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 117,004 shares of the company’s stock after selling 213,643 shares during the period. Clark Capital Management Group Inc.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $3,544,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SPSB. Ameriprise Financial Inc. raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 2,154,296 shares of the company’s stock valued at $65,268,000 after acquiring an additional 106,951 shares during the period. Creative Planning grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.5% during the third 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 in the last quarter. Raymond James Financial Inc. grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 86.9% during the third quarter. Raymond James Financial Inc. now owns 993,528 shares of the company’s stock worth $30,094,000 after purchasing an additional 461,971 shares in the last quarter. Equitable Holdings Inc. raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 15.3% during the 3rd quarter. Equitable Holdings Inc. now owns 339,476 shares of the company’s stock valued at $10,283,000 after purchasing an additional 44,977 shares during the period. Finally, Horizon Investments LLC raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 1.6% during the 3rd quarter. Horizon Investments LLC now owns 736,580 shares of the company’s stock valued at $22,149,000 after purchasing an additional 11,455 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

NYSEARCA SPSB opened at $30.03 on Tuesday. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.74 and a 12 month high of $30.34. The stock’s 50 day moving average is $30.23 and its 200 day moving average is $30.23.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

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

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.