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

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $30.34 and last traded at $30.3350, with a volume of 390832 shares traded. The stock had previously closed at $30.32.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.0%

The stock’s 50 day moving average is $30.24 and its 200-day moving average is $30.23.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.1079 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%.

Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPSB. First Command Advisory Services Inc. increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 706.6% during the third quarter. First Command Advisory Services Inc. now owns 803,793 shares of the company’s stock worth $24,347,000 after buying an additional 704,139 shares in the last quarter. Bfsg LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 118.5% during the third quarter. Bfsg LLC now owns 33,499 shares of the company’s stock worth $1,015,000 after acquiring an additional 18,170 shares during the last quarter. Gilbert Capital Group Inc. acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter valued at about $2,078,000. Intrua Financial LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at approximately $861,000. Finally, Atria Investments Inc increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 29.3% in the third quarter. Atria Investments Inc now owns 544,819 shares of the company’s stock valued at $16,503,000 after purchasing an additional 123,621 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.