SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sets New 1-Year Low – Here’s Why

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $29.88 and last traded at $29.90, with a volume of 150599 shares. The stock had previously closed at $30.01.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.3%

The business’s 50 day simple moving average is $30.00 and its 200 day simple moving average is $30.11.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SPSB. Creative Planning raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.5% during the 3rd quarter. Creative Planning now owns 48,756,348 shares of the company’s stock valued at $1,476,830,000 after purchasing an additional 3,401,784 shares during the period. Bank of America Corp DE boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 52.9% in the 1st quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock worth $223,611,000 after buying an additional 2,573,239 shares during the period. LPL Financial LLC increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock worth $284,649,000 after buying an additional 1,518,271 shares in the last quarter. Wells Fargo & Company MN increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 52.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,677,610 shares of the company’s stock worth $111,064,000 after buying an additional 1,269,768 shares in the last quarter. Finally, SoundView Advisors Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter worth $30,807,000.

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.