Whalen Wealth Management Inc. Buys Shares of 74,998 SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Whalen Wealth Management Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 74,998 shares of the company’s stock, valued at approximately $2,272,000. SPDR Portfolio Short Term Corporate Bond ETF comprises approximately 1.3% of Whalen Wealth Management Inc.’s investment portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of SPSB. Friedenthal Financial purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter valued at $36,000. Ameritas Investment Partners Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 88.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock valued at $58,000 after acquiring an additional 894 shares in the last quarter. Allworth Financial LP increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 65.2% during the second quarter. Allworth Financial LP now owns 2,092 shares of the company’s stock worth $63,000 after purchasing an additional 826 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the second quarter worth about $71,000. Finally, Riverview Trust Co acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the second quarter worth about $99,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB stock opened at $30.15 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a fifty-two week low of $29.74 and a fifty-two week high of $30.34. The company has a 50 day moving average price of $30.23 and a 200 day moving average price of $30.17.

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.