SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 3,633,419 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 3,312,509 shares.The stock last traded at $29.94 and had previously closed at $29.92.
SPDR Portfolio Short Term Corporate Bond ETF Price Performance
The business has a 50 day moving average of $30.02 and a 200-day moving average of $30.14.
Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF
Several institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 17.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock valued at $67,000 after acquiring an additional 334 shares in the last quarter. RDA Financial Network lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.4% during the 4th quarter. RDA Financial Network now owns 10,475 shares of the company’s stock worth $316,000 after purchasing an additional 340 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.2% during the 4th quarter. Great Valley Advisor Group Inc. now owns 8,542 shares of the company’s stock worth $258,000 after purchasing an additional 342 shares during the period. Lake Street Private Wealth LLC lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.2% during the 4th quarter. Lake Street Private Wealth LLC now owns 12,527 shares of the company’s stock worth $378,000 after purchasing an additional 384 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.5% during the 2nd quarter. Cerity Partners LLC now owns 14,802 shares of the company’s stock worth $447,000 after purchasing an additional 497 shares during the period.
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.
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