SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Shares Break Above 50-Day Moving Average – Here’s Why

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $29.70 and traded as high as $29.75. SPDR Portfolio Short Term Corporate Bond ETF shares last traded at $29.73, with a volume of 3,964,726 shares traded.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

The company’s 50 day moving average is $29.70 and its 200-day moving average is $29.96.

Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rodgers & Associates LTD lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 5.9% during the second quarter. Rodgers & Associates LTD now owns 1,764,606 shares of the company’s stock valued at $52,956,000 after purchasing an additional 98,891 shares during the last quarter. Arrien Investments Inc. boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 55.7% in the 1st quarter. Arrien Investments Inc. now owns 303,552 shares of the company’s stock worth $9,128,000 after purchasing an additional 108,533 shares in the last quarter. Mascoma Wealth Management LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 59.3% in the 1st quarter. Mascoma Wealth Management LLC now owns 124,671 shares of the company’s stock worth $3,749,000 after purchasing an additional 46,405 shares in the last quarter. Revisor Wealth Management LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 33.4% in the 1st quarter. Revisor Wealth Management LLC now owns 215,571 shares of the company’s stock worth $6,482,000 after buying an additional 53,995 shares during the last quarter. Finally, Capital Wealth Management LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.9% in the 2nd quarter. Capital Wealth Management LLC now owns 1,227,718 shares of the company’s stock worth $36,844,000 after buying an additional 56,973 shares during the last quarter.

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.