IndexIQ Advisors LLC Sells 161,931 Shares of SPDR Portfolio Short Term Corporate Bond ETF (SPSB)

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IndexIQ Advisors LLC decreased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 53.1% in the first quarter, Holdings Channel reports. The firm owned 142,797 shares of the company’s stock after selling 161,931 shares during the quarter. IndexIQ Advisors LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $4,363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Knightsbridge Asset Management LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 0.5% during the 4th quarter. Knightsbridge Asset Management LLC now owns 76,554 shares of the company’s stock valued at $2,307,000 after purchasing an additional 399 shares during the last quarter. AlphaStar Capital Management LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.0% during the 1st quarter. AlphaStar Capital Management LLC now owns 10,815 shares of the company’s stock valued at $330,000 after purchasing an additional 419 shares during the last quarter. First Allied Advisory Services Inc. raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 3.3% during the 4th quarter. First Allied Advisory Services Inc. now owns 17,784 shares of the company’s stock valued at $538,000 after purchasing an additional 562 shares during the last quarter. Condor Capital Management raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.8% during the 1st quarter. Condor Capital Management now owns 14,940 shares of the company’s stock valued at $456,000 after purchasing an additional 678 shares during the last quarter. Finally, Windsor Capital Management LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 0.4% during the 4th quarter. Windsor Capital Management LLC now owns 207,271 shares of the company’s stock valued at $6,247,000 after purchasing an additional 728 shares during the last quarter.

Shares of NYSEARCA:SPSB opened at $30.52 on Thursday. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.98 and a 52-week high of $30.60.

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were given a $0.074 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $0.89 annualized dividend and a dividend yield of 2.91%. This is a positive change from SPDR Portfolio Short Term Corporate Bond ETF’s previous monthly dividend of $0.07.

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Further Reading: Asset Allocation, Balancing Your Investments

Want to see what other hedge funds are holding SPSB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB).

Institutional Ownership by Quarter for SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

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