SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Acquired by Concord Wealth Partners

Concord Wealth Partners raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 6.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,024,923 shares of the company’s stock after buying an additional 59,293 shares during the period. SPDR Portfolio Short Term Corporate Bond ETF comprises approximately 4.3% of Concord Wealth Partners’ holdings, making the stock its 4th largest position. Concord Wealth Partners’ holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $31,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westfuller Advisors LLC acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth approximately $27,000. Bessemer Group Inc. bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth approximately $30,000. Ameritas Investment Partners Inc. lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 88.4% in the second quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock worth $58,000 after purchasing an additional 894 shares during the period. Allworth Financial LP lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 65.2% in 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. Finally, Root Financial Partners LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at $71,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB stock opened at $30.24 on Friday. 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’s fifty day moving average is $30.21 and its 200-day moving average is $30.22.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.1079 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.