HighTower Advisors LLC Trims Stock Position in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

HighTower Advisors LLC lessened its holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 23.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 152,690 shares of the company’s stock after selling 46,824 shares during the period. HighTower Advisors LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $4,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. PFG Private Wealth Management LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at approximately $344,000. Abich Financial Wealth Management LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at $661,000. Atria Investments Inc increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 29.3% in the 3rd quarter. Atria Investments Inc now owns 544,819 shares of the company’s stock worth $16,503,000 after purchasing an additional 123,621 shares in the last quarter. Westover Capital Advisors LLC raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 1.2% in the 3rd quarter. Westover Capital Advisors LLC now owns 202,058 shares of the company’s stock worth $6,120,000 after purchasing an additional 2,389 shares during the period. Finally, GK Wealth Management LLC raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 3.4% in the 3rd quarter. GK Wealth Management LLC now owns 15,133 shares of the company’s stock worth $458,000 after purchasing an additional 499 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB opened at $30.30 on Wednesday. The business has a 50-day simple moving average of $30.24 and a two-hundred day simple moving average of $30.23. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.74 and a 52 week high of $30.34.

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 $0.1079 dividend. This represents a c) annualized dividend 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.