SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Reaches New 52-Week Low – Time to Sell?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $29.80 and last traded at $29.81, with a volume of 172859 shares trading hands. The stock had previously closed at $29.92.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.4%

The business has a 50 day simple moving average of $29.93 and a two-hundred day simple moving average of $30.02.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.7% in the 2nd quarter. Brown Advisory Inc. now owns 7,817 shares of the company’s stock worth $236,000 after buying an additional 820 shares during the last quarter. Cerity Partners LLC grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.5% during the 2nd quarter. Cerity Partners LLC now owns 14,802 shares of the company’s stock valued at $447,000 after buying an additional 497 shares during the last quarter. State Street Corp grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 8.9% during the 2nd quarter. State Street Corp now owns 3,492,076 shares of the company’s stock valued at $105,426,000 after buying an additional 286,709 shares during the last quarter. Sei Investments Co. raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 583.7% during the second quarter. Sei Investments Co. now owns 107,761 shares of the company’s stock worth $3,253,000 after acquiring an additional 92,000 shares during the period. Finally, Main Street Financial Solutions LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the second quarter worth about $814,000.

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.