SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Newly Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 50,531 shares of the company’s stock, valued at approximately $1,495,000.

Several other institutional investors have also recently made changes to their positions in SPSB. Valmark Advisers Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.5% during the first quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock valued at $274,454,000 after buying an additional 389,971 shares during the period. Bank of America Corp DE raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 52.9% in the first quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock worth $223,611,000 after acquiring an additional 2,573,239 shares during the period. Baird Financial Group Inc. boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.1% during the 2nd quarter. Baird Financial Group Inc. now owns 6,659,159 shares of the company’s stock worth $199,841,000 after acquiring an additional 663,851 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,899,175 shares of the company’s stock worth $177,034,000 after acquiring an additional 593,008 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 8.3% during the 2nd quarter. State Street Corp now owns 3,530,180 shares of the company’s stock worth $105,941,000 after acquiring an additional 269,832 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB stock opened at $29.68 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.45 and a 1 year high of $30.34. The firm has a fifty day moving average price of $29.72 and a 200-day moving average price of $29.89.

SPDR Portfolio Short Term Corporate Bond ETF 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.