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

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSBGet Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $29.80 and last traded at $29.81, with a volume of 172859 shares trading hands. The stock had previously closed at $29.92.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.4%

The business has a 50-day moving average price of $29.93 and a two-hundred day moving average price of $30.02.

Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in SPSB. Wellington Grp LLC lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 2.2% in the second quarter. Wellington Grp LLC now owns 303,490 shares of the company’s stock valued at $9,108,000 after buying an additional 6,485 shares during the last quarter. Ameritas Advisory Services LLC grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 287.3% during the second quarter. Ameritas Advisory Services LLC now owns 222,211 shares of the company’s stock worth $6,669,000 after acquiring an additional 164,841 shares during the last quarter. Guardian Wealth Advisors LLC NC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the second quarter worth about $3,018,000. HB Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter worth about $216,000. Finally, NBH Bank acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter worth about $271,000.

About SPDR Portfolio Short Term Corporate Bond ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for SPDR Portfolio Short Term Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Short Term Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.