Zinnia Wealth Advisory LLC Purchases Shares of 52,842 SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Zinnia Wealth Advisory LLC purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 52,842 shares of the company’s stock, valued at approximately $1,596,000. SPDR Portfolio Short Term Corporate Bond ETF accounts for 1.7% of Zinnia Wealth Advisory LLC’s investment portfolio, making the stock its 16th biggest position.

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at $30,000. Smartleaf Asset Management LLC boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth about $37,000. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter valued at about $58,000. Finally, CIBC Private Wealth Group LLC grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 17.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock valued at $67,000 after buying an additional 334 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB stock opened at $29.97 on Monday. The firm’s 50-day simple moving average is $30.02 and its 200-day simple moving average is $30.13. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.88 and a 1-year high of $30.34.

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.