TIAA Trust National Association Sells 23,904 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

TIAA Trust National Association lowered its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,310,457 shares of the company’s stock after selling 23,904 shares during the quarter. TIAA Trust National Association owned 0.49% of SPDR Portfolio Short Term Corporate Bond ETF worth $39,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPSB. JPMorgan Chase & Co. lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 28.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,109,859 shares of the company’s stock valued at $969,397,000 after buying an additional 7,071,441 shares in the last quarter. Allstate Corp increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 99.4% in the 3rd quarter. Allstate Corp now owns 4,375,565 shares of the company’s stock worth $132,536,000 after buying an additional 2,181,050 shares in the last quarter. Creative Planning raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 5.0% during the second quarter. Creative Planning now owns 45,354,564 shares of the company’s stock valued at $1,369,254,000 after acquiring an additional 2,140,455 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,620,146 shares of the company’s stock valued at $139,944,000 after acquiring an additional 741,369 shares in the last quarter. Finally, First Command Advisory Services Inc. boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 706.6% in the third quarter. First Command Advisory Services Inc. now owns 803,793 shares of the company’s stock worth $24,347,000 after acquiring an additional 704,139 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB opened at $30.32 on Friday. The business’s 50 day moving average is $30.24 and its 200 day moving average is $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 announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.1079 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, February 2nd.

SPDR Portfolio Short Term Corporate Bond ETF 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.