Fragasso Financial Advisors Inc Makes New $2.56 Million Investment in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Fragasso Financial Advisors Inc bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 86,550 shares of the company’s stock, valued at approximately $2,562,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter worth $3,538,000. Roan Capital Partners lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 2.6% in the third quarter. Roan Capital Partners now owns 151,052 shares of the company’s stock worth $4,470,000 after purchasing an additional 3,818 shares during the last quarter. Reinhart Partners LLC. purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth approximately $281,000. Tilia Fiduciary Partners Inc. boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 15.8% during the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 23,652 shares of the company’s stock valued at $700,000 after buying an additional 3,219 shares during the period. Finally, GK Wealth Management LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.1% in the third quarter. GK Wealth Management LLC now owns 19,559 shares of the company’s stock worth $579,000 after purchasing an additional 591 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA:SPSB traded down $0.03 on Tuesday, hitting $29.59. The company had a trading volume of 635,834 shares, compared to its average volume of 4,103,393. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.45 and a 1 year high of $30.34. The firm’s 50-day simple moving average is $29.77 and its two-hundred day simple moving average is $29.91.

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.