SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Sold by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC trimmed its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 14.4% during the second quarter, HoldingsChannel reports. The fund owned 748,209 shares of the company’s stock after selling 126,072 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF comprises approximately 1.8% of Litman Gregory Wealth Management LLC’s holdings, making the stock its 13th largest position. Litman Gregory Wealth Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $22,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 996 shares of the company’s stock valued at $30,000 after purchasing an additional 498 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the first quarter valued at about $38,000. Columbia River Financial Group LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the first quarter valued at approximately $61,000. LRI Investments LLC raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 17.1% during the first quarter. LRI Investments LLC now owns 2,289 shares of the company’s stock valued at $69,000 after buying an additional 335 shares in the last quarter. Finally, Riverview Trust Co bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter worth approximately $99,000.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.0%

Shares of SPSB opened at $30.20 on Monday. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.74 and a 52 week high of $30.31. The stock has a 50 day moving average of $30.21 and a 200-day moving average of $30.08.

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.