SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Hits New 12-Month Low – Should You Sell?

Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) hit a new 52-week low during trading on Wednesday . The company traded as low as $29.64 and last traded at $29.6350, with a volume of 263653 shares trading hands. The stock had previously closed at $29.69.

SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.3%

The stock has a fifty day moving average price of $29.86 and a two-hundred day moving average price of $29.96.

Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Institutional investors have recently modified their holdings of the business. First County Bank CT boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.4% during the second quarter. First County Bank CT now owns 12,105 shares of the company’s stock worth $363,000 after purchasing an additional 395 shares during the period. Rinkey Investments raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 5.7% during the second quarter. Rinkey Investments now owns 9,456 shares of the company’s stock valued at $284,000 after acquiring an additional 512 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 1.0% in the first quarter. Penobscot Investment Management Company Inc. now owns 52,010 shares of the company’s stock worth $1,564,000 after acquiring an additional 520 shares during the period. Mustard Seed Financial LLC lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 3.3% in the first quarter. Mustard Seed Financial LLC now owns 17,548 shares of the company’s stock worth $528,000 after acquiring an additional 568 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 1.6% in the first quarter. Parallel Advisors LLC now owns 40,272 shares of the company’s stock valued at $1,211,000 after acquiring an additional 635 shares in the last quarter.

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.