SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sets New 12-Month Low – Here’s Why

Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) reached a new 52-week low on Thursday . The stock traded as low as $29.85 and last traded at $29.86, with a volume of 51879 shares. The stock had previously closed at $29.89.

SPDR Portfolio Short Term Corporate Bond ETF Trading Up 0.0%

The firm’s 50-day moving average price is $29.95 and its 200-day moving average price is $30.07.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Brown Advisory Inc. boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.7% during the 2nd quarter. Brown Advisory Inc. now owns 7,817 shares of the company’s stock valued at $236,000 after acquiring an additional 820 shares during the last quarter. Cerity Partners LLC increased its position in SPDR Portfolio Short Term Corporate Bond ETF by 3.5% in the second quarter. Cerity Partners LLC now owns 14,802 shares of the company’s stock worth $447,000 after purchasing an additional 497 shares during the last quarter. State Street Corp lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 8.9% during the second quarter. State Street Corp now owns 3,492,076 shares of the company’s stock valued at $105,426,000 after purchasing an additional 286,709 shares during the last quarter. Sei Investments Co. grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 583.7% in the 2nd quarter. Sei Investments Co. now owns 107,761 shares of the company’s stock worth $3,253,000 after buying an additional 92,000 shares in the last quarter. Finally, Main Street Financial Solutions LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter worth about $814,000.

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.