SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get Free Report) shares saw an uptick in trading volume on Tuesday. 10,525,695 shares were traded during trading, an increase of 161% from the average daily volume of 4,039,535 shares. The stock last traded at $29.6350 and had previously closed at $29.63.
SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.0%
The company has a 50 day moving average of $29.69 and a 200 day moving average of $29.96.
Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF
Institutional investors have recently made changes to their positions in the business. Valmark Advisers Inc. increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.5% in the first quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock worth $274,454,000 after buying an additional 389,971 shares during the last quarter. Bank of America Corp DE boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 52.9% during the 1st quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock valued at $223,611,000 after acquiring an additional 2,573,239 shares during the last quarter. Baird Financial Group Inc. grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 11.1% during the 2nd quarter. Baird Financial Group Inc. now owns 6,659,159 shares of the company’s stock worth $199,841,000 after acquiring an additional 663,851 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,899,175 shares of the company’s stock worth $177,034,000 after acquiring an additional 593,008 shares in the last quarter. Finally, State Street Corp grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 8.3% during the 2nd quarter. State Street Corp now owns 3,530,180 shares of the company’s stock worth $105,941,000 after acquiring an additional 269,832 shares in the last quarter.
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.
Recommended Stories
- Five stocks we like better than SPDR Portfolio Short Term Corporate Bond ETF
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
- Republic Services Has the Momentum, But Waste Management Has Another Advantage
- Alphabet’s Golden Dome Talks Could Open a New Market, But How Much Is at Stake?
Receive News & Ratings for SPDR Portfolio Short Term Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Short Term Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
