Blue Water Asset Management Makes New Investment in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Blue Water Asset Management acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,554 shares of the company’s stock, valued at approximately $1,074,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westfuller Advisors LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth about $27,000. Bessemer Group Inc. acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth about $30,000. Smartleaf Asset Management LLC lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth about $37,000. Finally, Root Financial Partners LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth about $71,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB opened at $29.95 on Friday. The stock’s 50-day moving average is $30.05 and its two-hundred day moving average is $30.17. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.93 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.