SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Newly Bought by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the third quarter, HoldingsChannel reports. The institutional investor acquired 50,531 shares of the company’s stock, valued at approximately $1,495,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valmark Advisers Inc. raised its stake in 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 worth $274,454,000 after acquiring an additional 389,971 shares during the period. Bank of America Corp DE lifted its holdings in 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 purchasing an additional 2,573,239 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.1% in the second quarter. Baird Financial Group Inc. now owns 6,659,159 shares of the company’s stock worth $199,841,000 after purchasing an additional 663,851 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 5,899,175 shares of the company’s stock worth $177,034,000 after purchasing an additional 593,008 shares during the period. Finally, State Street Corp increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 8.3% in the second quarter. State Street Corp now owns 3,530,180 shares of the company’s stock worth $105,941,000 after purchasing an additional 269,832 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB stock opened at $29.68 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.45 and a one year high of $30.34. The company’s fifty day moving average price is $29.72 and its 200-day moving average price is $29.89.

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.