GEM Asset Management LLC Purchases 17,986 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

GEM Asset Management LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 43.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,745 shares of the company’s stock after purchasing an additional 17,986 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF accounts for about 0.8% of GEM Asset Management LLC’s investment portfolio, making the stock its 29th biggest holding. GEM Asset Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $1,806,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Westfuller Advisors LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter worth $27,000. Bessemer Group Inc. acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at $30,000. Smartleaf Asset Management LLC grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $31,000 after buying an additional 1,002 shares during the period. AlphaCore Capital LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at $37,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 88.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock valued at $58,000 after buying an additional 894 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.2%

Shares of SPDR Portfolio Short Term Corporate Bond ETF stock opened at $30.02 on Tuesday. The stock’s fifty day simple moving average is $30.21 and its 200 day simple moving average is $30.22. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.74 and a 12 month high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.1063 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date 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.