JPMorgan Chase & Co. Sells 31,798,159 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

JPMorgan Chase & Co. reduced its holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 99.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 311,700 shares of the company’s stock after selling 31,798,159 shares during the period. JPMorgan Chase & Co.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $9,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Command Advisory Services Inc. raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 706.6% during the 3rd quarter. First Command Advisory Services Inc. now owns 803,793 shares of the company’s stock valued at $24,347,000 after acquiring an additional 704,139 shares during the last quarter. Bfsg LLC grew its stake 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 purchasing an additional 18,170 shares during the period. Gilbert Capital Group Inc. bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the second quarter valued at about $2,078,000. Intrua Financial LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at about $861,000. Finally, Atria Investments Inc lifted its stake 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 buying an additional 123,621 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

SPDR Portfolio Short Term Corporate Bond ETF stock opened at $30.16 on Friday. The business has a 50-day moving average of $30.24 and a 200-day moving average of $30.23. 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 company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1063 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.