SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Large Volume Increase – Still a Buy?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw unusually-strong trading volume on Monday . Approximately 1,601,203 shares traded hands during mid-day trading, a decline of 35% from the previous session’s volume of 2,456,951 shares.The stock last traded at $30.06 and had previously closed at $30.00.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.2%

The business’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $30.23.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1063 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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

Several institutional investors have recently modified their holdings of the stock. Westfuller Advisors LLC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at approximately $27,000. Bessemer Group Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at $30,000. Smartleaf Asset Management LLC lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% in the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares during the last quarter. Strive Financial Group LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $35,000. Finally, AlphaCore Capital LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth $37,000.

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.