RiverFront Investment Group LLC Reduces Position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

RiverFront Investment Group LLC lessened its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,213,786 shares of the company’s stock after selling 44,924 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF comprises 2.1% of RiverFront Investment Group LLC’s investment portfolio, making the stock its 15th biggest holding. RiverFront Investment Group LLC owned about 0.83% of SPDR Portfolio Short Term Corporate Bond ETF worth $65,926,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. WestEnd Advisors LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 104.3% in the 4th quarter. WestEnd Advisors LLC now owns 954 shares of the company’s stock valued at $28,000 after purchasing an additional 487 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at approximately $32,000. Westside Investment Management Inc. grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 16.9% in the 4th quarter. Westside Investment Management Inc. now owns 3,450 shares of the company’s stock valued at $103,000 after purchasing an additional 500 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at approximately $147,000. Finally, Q3 Asset Management lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 18.5% in the 3rd quarter. Q3 Asset Management now owns 8,084 shares of the company’s stock valued at $236,000 after buying an additional 1,260 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB remained flat at $29.58 during mid-day trading on Friday. The stock had a trading volume of 1,096,225 shares, compared to its average volume of 2,369,524. The business has a fifty day moving average of $29.67 and a 200-day moving average of $29.61. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.10 and a 1-year high of $29.94.

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.