Sowell Financial Services LLC Purchases 26,154 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Sowell Financial Services LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the third quarter, Holdings Channel reports. The firm acquired 26,154 shares of the company’s stock, valued at approximately $774,000.

A number of other hedge funds have also recently made changes to their positions in SPSB. First County Bank CT boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 3.4% during the second quarter. First County Bank CT now owns 12,105 shares of the company’s stock valued at $363,000 after purchasing an additional 395 shares in the last quarter. Rinkey Investments raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 5.7% in the second quarter. Rinkey Investments now owns 9,456 shares of the company’s stock worth $284,000 after purchasing an additional 512 shares in the last quarter. Penobscot Investment Management Company Inc. raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 1.0% in the first quarter. Penobscot Investment Management Company Inc. now owns 52,010 shares of the company’s stock worth $1,564,000 after purchasing an additional 520 shares in the last quarter. GK Wealth Management LLC raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 3.1% in the third quarter. GK Wealth Management LLC now owns 19,559 shares of the company’s stock worth $579,000 after purchasing an additional 591 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.6% during the first quarter. Parallel Advisors LLC now owns 40,272 shares of the company’s stock valued at $1,211,000 after buying an additional 635 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

SPSB stock opened at $29.75 on Monday. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.45 and a one year high of $30.34. The firm has a 50-day simple moving average of $29.70 and a two-hundred day simple moving average of $29.96.

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.