TABR Capital Management LLC Makes New Investment in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

TABR Capital Management LLC acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 149,796 shares of the company’s stock, valued at approximately $4,524,000. SPDR Portfolio Short Term Corporate Bond ETF comprises 1.8% of TABR Capital Management LLC’s portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. RDA Financial Network boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.4% during the 4th quarter. RDA Financial Network now owns 10,475 shares of the company’s stock worth $316,000 after purchasing an additional 340 shares during the period. Legacy Wealth Management LLC MS grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 4.4% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 8,148 shares of the company’s stock valued at $247,000 after purchasing an additional 342 shares during the last quarter. Lake Street Private Wealth LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 3.2% in the 4th quarter. Lake Street Private Wealth LLC now owns 12,527 shares of the company’s stock worth $378,000 after purchasing an additional 384 shares during the period. Global Retirement Partners LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 1.1% in the 3rd quarter. Global Retirement Partners LLC now owns 36,565 shares of the company’s stock worth $1,108,000 after purchasing an additional 413 shares during the period. Finally, Orion Capital Management LLC lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 1.1% in the third quarter. Orion Capital Management LLC now owns 36,642 shares of the company’s stock worth $1,110,000 after purchasing an additional 416 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of NYSEARCA:SPSB opened at $29.97 on Monday. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.74 and a 1 year high of $30.34. The business has a 50 day simple moving average of $30.21 and a two-hundred day simple moving average of $30.22.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.1063 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, March 2nd.

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.