216,768 Shares in SPDR Portfolio Short Term Corporate Bond ETF $SPSB Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 216,768 shares of the company’s stock, valued at approximately $6,566,000. Elevation Point Wealth Partners LLC owned about 0.08% of SPDR Portfolio Short Term Corporate Bond ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 28.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,109,859 shares of the company’s stock valued at $969,397,000 after acquiring an additional 7,071,441 shares during the period. Creative Planning increased 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 valued at $1,476,830,000 after purchasing an additional 3,401,784 shares in the last quarter. Allstate Corp raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 99.4% in the third quarter. Allstate Corp now owns 4,375,565 shares of the company’s stock worth $132,536,000 after purchasing an additional 2,181,050 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.1% during the third quarter. Envestnet Asset Management Inc. now owns 4,620,146 shares of the company’s stock worth $139,944,000 after purchasing an additional 741,369 shares in the last quarter. Finally, First Command Advisory Services Inc. boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 706.6% during the third quarter. First Command Advisory Services Inc. now owns 803,793 shares of the company’s stock worth $24,347,000 after purchasing an additional 704,139 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB stock opened at $30.00 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.74 and a 12-month high of $30.34. The firm has a fifty day moving average of $30.23 and a 200-day moving average of $30.23.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1063 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, March 2nd.

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.