Thrivent Financial for Lutherans Has $1.46 Million Stock Holdings in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Thrivent Financial for Lutherans raised its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 476.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 48,202 shares of the company’s stock after buying an additional 39,834 shares during the period. Thrivent Financial for Lutherans’ holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $1,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Westfuller Advisors LLC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at $27,000. Ameritas Investment Partners Inc. increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 88.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock worth $58,000 after purchasing an additional 894 shares in the last quarter. Allworth Financial LP increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 65.2% in the 2nd quarter. Allworth Financial LP now owns 2,092 shares of the company’s stock worth $63,000 after purchasing an additional 826 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the second quarter valued at about $71,000. Finally, Root Financial Partners LLC acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at about $71,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

NYSEARCA:SPSB opened at $30.27 on Friday. The stock’s 50-day moving average is $30.22 and its 200-day moving average is $30.22. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.74 and a 1-year high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1079 per share. This represents a c) dividend on an annualized basis and a 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.