SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Acquired by Mechanics Financial Corp

Mechanics Financial Corp lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 33.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 60,610 shares of the company’s stock after purchasing an additional 15,105 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF accounts for approximately 0.8% of Mechanics Financial Corp’s investment portfolio, making the stock its 26th biggest holding. Mechanics Financial Corp’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $1,830,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. LRI Investments LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 17.1% during the first quarter. LRI Investments LLC now owns 2,289 shares of the company’s stock worth $69,000 after purchasing an additional 335 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 0.5% during the second quarter. Parallel Advisors LLC now owns 95,967 shares of the company’s stock worth $2,897,000 after purchasing an additional 482 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 996 shares of the company’s stock worth $30,000 after purchasing an additional 498 shares during the last quarter. Alpha Omega Wealth Management LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 0.8% during the second quarter. Alpha Omega Wealth Management LLC now owns 59,388 shares of the company’s stock worth $1,793,000 after purchasing an additional 499 shares during the last quarter. Finally, ARS Wealth Advisors Group LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 6.7% during the second quarter. ARS Wealth Advisors Group LLC now owns 7,941 shares of the company’s stock worth $240,000 after purchasing an additional 500 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPDR Portfolio Short Term Corporate Bond ETF stock opened at $30.21 on Friday. The firm has a fifty day moving average price of $30.20 and a 200 day moving average price of $30.08. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.74 and a 1 year high of $30.31.

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.