SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Hits New 52-Week Low – Here’s What Happened

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) reached a new 52-week low on Thursday . The company traded as low as $29.85 and last traded at $29.86, with a volume of 51879 shares trading hands. The stock had previously closed at $29.89.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $29.95 and a 200-day simple moving average of $30.08.

Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Large investors have recently modified their holdings of the company. Certified Advisory Corp boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.8% during the first quarter. Certified Advisory Corp now owns 404,924 shares of the company’s stock worth $12,176,000 after purchasing an additional 29,305 shares during the period. Strategic Point Investment Advisors LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 4.1% during the 4th quarter. Strategic Point Investment Advisors LLC now owns 1,128,112 shares of the company’s stock valued at $34,069,000 after purchasing an additional 44,650 shares during the period. Greenberg Financial Group purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter valued at about $2,251,000. Arrien Investments Inc. increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 55.7% during the 1st quarter. Arrien Investments Inc. now owns 303,552 shares of the company’s stock valued at $9,128,000 after purchasing an additional 108,533 shares during the period. Finally, BIP Wealth LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 12.5% during the 4th quarter. BIP Wealth LLC now owns 1,450,662 shares of the company’s stock valued at $43,810,000 after purchasing an additional 161,263 shares during the last quarter.

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.