SPDR Portfolio Short Term Corporate Bond ETF $SPSB Stake Trimmed by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC trimmed its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 38.8% during the third quarter, Holdings Channel.com reports. The fund owned 441,397 shares of the company’s stock after selling 280,390 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF comprises 1.2% of Red Cedar Investment Management LLC’s portfolio, making the stock its 20th biggest holding. Red Cedar Investment Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $13,061,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AlphaCore Capital LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 293.2% in the 3rd quarter. AlphaCore Capital LLC now owns 4,888 shares of the company’s stock worth $145,000 after acquiring an additional 3,645 shares in the last quarter. Kohmann Bosshard Financial Services LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 127.0% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 83,306 shares of the company’s stock valued at $2,465,000 after purchasing an additional 46,608 shares during the last quarter. SoundView Advisors Inc. lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.8% during the third quarter. SoundView Advisors Inc. now owns 962,148 shares of the company’s stock valued at $28,469,000 after purchasing an additional 35,653 shares in the last quarter. M Holdings Securities Inc. bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at about $1,710,000. Finally, Brighton Jones LLC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at about $398,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

SPDR Portfolio Short Term Corporate Bond ETF stock opened at $29.71 on Tuesday. SPDR Portfolio Short Term Corporate Bond ETF has a fifty-two week low of $29.45 and a fifty-two week high of $30.34. The firm’s 50-day simple moving average is $29.67 and its 200 day simple moving average is $29.95.

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.