SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Reaches New 1-Year Low – What’s Next?

Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) reached a new 52-week low during trading on Tuesday. The company traded as low as $29.56 and last traded at $29.57, with a volume of 4972949 shares trading hands. The stock had previously closed at $29.63.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The stock’s fifty day moving average is $29.82 and its two-hundred day moving average is $29.93.

Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 28.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 36,957 shares of the company’s stock worth $1,109,000 after buying an additional 8,097 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,899,175 shares of the company’s stock valued at $177,034,000 after acquiring an additional 593,008 shares in the last quarter. State Street Corp raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 8.3% in the 2nd quarter. State Street Corp now owns 3,530,180 shares of the company’s stock valued at $105,941,000 after acquiring an additional 269,832 shares in the last quarter. Cherry Tree Wealth Management LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.4% during the 2nd quarter. Cherry Tree Wealth Management LLC now owns 732,222 shares of the company’s stock valued at $21,974,000 after acquiring an additional 30,918 shares during the last quarter. Finally, MCF Advisors LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 15.7% during the 2nd quarter. MCF Advisors LLC now owns 3,503,919 shares of the company’s stock valued at $105,153,000 after acquiring an additional 475,713 shares during the last quarter.

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.