Valmark Advisers Inc. Has $274.45 Million Stake in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Valmark Advisers Inc. lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,127,167 shares of the company’s stock after acquiring an additional 389,971 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF comprises about 3.3% of Valmark Advisers Inc.’s investment portfolio, making the stock its 7th biggest holding. Valmark Advisers Inc.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $274,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPSB. Creative Planning lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 7.5% in the third quarter. Creative Planning now owns 48,756,348 shares of the company’s stock worth $1,476,830,000 after purchasing an additional 3,401,784 shares during the period. LPL Financial LLC increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock valued at $284,649,000 after purchasing an additional 1,518,271 shares during the period. Morgan Stanley lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 13.2% in the fourth quarter. Morgan Stanley now owns 8,712,343 shares of the company’s stock valued at $263,113,000 after buying an additional 1,017,975 shares during the period. Advisory Alpha LLC boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 3.1% during the fourth quarter. Advisory Alpha LLC now owns 4,365,866 shares of the company’s stock valued at $131,851,000 after buying an additional 130,510 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 52.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,677,610 shares of the company’s stock valued at $111,064,000 after buying an additional 1,269,768 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

NYSEARCA:SPSB traded down $0.02 during mid-day trading on Friday, reaching $29.89. 2,023,540 shares of the stock were exchanged, compared to its average volume of 3,345,521. The business has a fifty day moving average price of $29.97 and a 200 day moving average price of $30.09. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.87 and a 1-year high of $30.34.

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.