Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $29.93 and last traded at $29.94, with a volume of 37686 shares changing hands. The stock had previously closed at $29.95.
SPDR Portfolio Short Term Corporate Bond ETF Price Performance
The stock has a fifty day moving average price of $30.04 and a 200 day moving average price of $30.16.
Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF
Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 23.8% during the first quarter. NewEdge Advisors LLC now owns 79,065 shares of the company’s stock valued at $2,377,000 after purchasing an additional 15,180 shares in the last quarter. Bank of America Corp DE boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 52.9% in the first quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock worth $223,611,000 after buying an additional 2,573,239 shares in the last quarter. Arete Wealth Advisors LLC grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 2.4% during the first quarter. Arete Wealth Advisors LLC now owns 81,527 shares of the company’s stock valued at $2,453,000 after acquiring an additional 1,930 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 106.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,028 shares of the company’s stock valued at $61,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Empowered Funds LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 12.8% in the 1st quarter. Empowered Funds LLC now owns 72,459 shares of the company’s stock worth $2,171,000 after purchasing an additional 8,217 shares during the period.
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.
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