Strategic Point Investment Advisors LLC raised its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Free Report) by 5.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,195,219 shares of the company’s stock after purchasing an additional 67,107 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF accounts for 5.2% of Strategic Point Investment Advisors LLC’s portfolio, making the stock its 8th biggest position. Strategic Point Investment Advisors LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $35,940,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Strive Financial Group LLC purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $35,000. AlphaCore Capital LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at $37,000. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter valued at $58,000. CIBC Private Wealth Group LLC boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 17.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock valued at $67,000 after buying an additional 334 shares during the period. Finally, Triumph Capital Management bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth $72,000.
SPDR Portfolio Short Term Corporate Bond ETF Stock Performance
SPSB stock opened at $30.01 on Wednesday. The firm’s 50-day moving average price is $30.00 and its two-hundred day moving average price is $30.11. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.88 and a 12-month high of $30.34.
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.
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