Echo Wealth Management LLC Decreases Stock Holdings in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Echo Wealth Management LLC reduced its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 38.3% in the first quarter, Holdings Channel reports. The fund owned 30,499 shares of the company’s stock after selling 18,940 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF makes up about 0.5% of Echo Wealth Management LLC’s portfolio, making the stock its 23rd biggest position. Echo Wealth Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Strive Financial Group LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $35,000. AlphaCore Capital LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at $37,000. IFC & Insurance Marketing Inc. bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter valued at $58,000. CIBC Private Wealth Group LLC lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 17.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock valued at $67,000 after purchasing an additional 334 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth $72,000.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of NYSEARCA:SPSB opened at $30.02 on Friday. The firm has a fifty day simple moving average of $30.00 and a two-hundred day simple moving average of $30.11. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.88 and a 52 week high of $30.34.

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.