Smith Moore & CO. Purchases Shares of 41,524 SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Smith Moore & CO. acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the 3rd quarter, HoldingsChannel reports. The firm acquired 41,524 shares of the company’s stock, valued at approximately $1,258,000.

Other hedge funds have also recently made changes to their positions in the company. Legacy Wealth Management LLC MS lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 4.4% in the third quarter. Legacy Wealth Management LLC MS now owns 8,148 shares of the company’s stock worth $247,000 after acquiring an additional 342 shares during the period. Aspetuck Financial Management LLC increased its position in SPDR Portfolio Short Term Corporate Bond ETF by 0.3% during the 2nd quarter. Aspetuck Financial Management LLC now owns 118,645 shares of the company’s stock valued at $3,582,000 after purchasing an additional 390 shares during the period. Global Retirement Partners LLC increased its position in SPDR Portfolio Short Term Corporate Bond ETF by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 36,565 shares of the company’s stock valued at $1,108,000 after purchasing an additional 413 shares during the period. Orion Capital Management LLC raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 1.1% in the 3rd 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 in the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 2.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 15,767 shares of the company’s stock worth $478,000 after purchasing an additional 423 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.0%

NYSEARCA:SPSB opened at $30.16 on Friday. The company has a 50-day moving average price of $30.24 and a 200-day moving average price of $30.23. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.74 and a 12 month high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.1063 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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.