Modern Wealth Management LLC Raises Stock Holdings in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Modern Wealth Management LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 16.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 821,996 shares of the company’s stock after acquiring an additional 116,711 shares during the quarter. Modern Wealth Management LLC owned about 0.31% of SPDR Portfolio Short Term Corporate Bond ETF worth $24,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SPSB. Creative Planning boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 5.0% in the second quarter. Creative Planning now owns 45,354,564 shares of the company’s stock valued at $1,369,254,000 after buying an additional 2,140,455 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 28.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,109,859 shares of the company’s stock valued at $969,397,000 after acquiring an additional 7,071,441 shares during the last quarter. Valmark Advisers Inc. increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.7% in the third quarter. Valmark Advisers Inc. now owns 8,397,084 shares of the company’s stock worth $254,348,000 after acquiring an additional 373,230 shares during the period. Envestnet Asset Management Inc. increased its stake 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 worth $139,944,000 after acquiring an additional 741,369 shares during the period. Finally, Allstate Corp raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 99.4% during the third quarter. Allstate Corp now owns 4,375,565 shares of the company’s stock worth $132,536,000 after purchasing an additional 2,181,050 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.0%

Shares of SPSB opened at $30.16 on Friday. The business’s 50-day moving average is $30.24 and its two-hundred day moving average is $30.23. SPDR Portfolio Short Term Corporate Bond ETF has a fifty-two week low of $29.74 and a fifty-two 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, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1063 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, March 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.