Capital Wealth Management LLC Grows Stock Position in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Capital Wealth Management LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 6.6% during the 1st quarter, Holdings Channel reports. The fund owned 1,170,745 shares of the company’s stock after purchasing an additional 72,471 shares during the period. SPDR Portfolio Short Term Corporate Bond ETF makes up approximately 9.5% of Capital Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Capital Wealth Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $35,204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPSB. Strive Financial Group LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $35,000. AlphaCore Capital LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at $37,000. IFC & Insurance Marketing Inc. bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter valued at $58,000. CIBC Private Wealth Group LLC grew its stake in shares of 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 worth $67,000 after buying an additional 334 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter worth $72,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

SPDR Portfolio Short Term Corporate Bond ETF stock opened at $29.97 on Wednesday. The company’s 50-day moving average price is $30.01 and its 200-day moving average price is $30.12. SPDR Portfolio Short Term Corporate Bond ETF has a twelve month low of $29.88 and a twelve month 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.