Royal Bank of Canada Decreases Stake in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Royal Bank of Canada cut its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 8.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,559,104 shares of the company’s stock after selling 320,147 shares during the quarter. Royal Bank of Canada owned approximately 1.06% of SPDR Portfolio Short Term Corporate Bond ETF worth $107,023,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SPSB. Creative Planning lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 7.5% in the third quarter. Creative Planning now owns 48,756,348 shares of the company’s stock worth $1,476,830,000 after acquiring an additional 3,401,784 shares during the last quarter. LPL Financial LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock valued at $284,649,000 after purchasing an additional 1,518,271 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.5% in the 1st quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock valued at $274,454,000 after purchasing an additional 389,971 shares in the last quarter. Morgan Stanley raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 13.2% in the 4th quarter. Morgan Stanley now owns 8,712,343 shares of the company’s stock valued at $263,113,000 after purchasing an additional 1,017,975 shares in the last quarter. Finally, Advisory Alpha LLC lifted its position in shares of 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 during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.1%

Shares of SPSB stock opened at $29.94 on Friday. The firm has a fifty day moving average price of $29.95 and a 200 day moving average price of $30.06. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.84 and a 12 month high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF 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.