Penobscot Investment Management Company Inc. acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,250 shares of the company’s stock, valued at approximately $1,546,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SPSB. Signaturefd LLC purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at about $27,000. Indiana Trust & Investment Management Co bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth approximately $36,000. Root Financial Partners LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter worth approximately $36,000. Atwood & Palmer Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter worth approximately $39,000. Finally, Brown Lisle Cummings Inc. boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 300.3% in the second quarter. Brown Lisle Cummings Inc. now owns 1,397 shares of the company’s stock worth $42,000 after buying an additional 1,048 shares in the last quarter.
SPDR Portfolio Short Term Corporate Bond ETF Stock Performance
Shares of NYSEARCA SPSB opened at $29.68 on Wednesday. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.45 and a one year high of $30.34. The firm’s 50 day simple moving average is $29.71 and its two-hundred day simple moving average is $29.97.
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.
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