SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Hits New 52-Week Low – Here’s What Happened

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.85 and last traded at $29.86, with a volume of 51879 shares trading hands. The stock had previously closed at $29.89.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The business has a fifty day moving average of $29.95 and a 200 day moving average of $30.08.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 7.5% in the 3rd 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 in the last quarter. LPL Financial LLC boosted its stake 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 in the last quarter. Valmark Advisers Inc. boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.5% during the 1st quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock valued at $274,454,000 after purchasing an additional 389,971 shares in the last quarter. Morgan Stanley increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 13.2% during 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. Finally, Bank of America Corp DE increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.9% during the first quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock valued at $223,611,000 after buying an additional 2,573,239 shares during the period.

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.