Marmo Financial Group LLC Buys Shares of 160,455 SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Marmo Financial Group LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) during the third quarter, Holdings Channel.com reports. The firm purchased 160,455 shares of the company’s stock, valued at approximately $4,860,000. SPDR Portfolio Short Term Corporate Bond ETF comprises about 2.4% of Marmo Financial Group LLC’s investment portfolio, making the stock its 12th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Friedenthal Financial acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter worth about $36,000. Ameritas Investment Partners Inc. grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 88.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock valued at $58,000 after buying an additional 894 shares in the last quarter. Allworth Financial LP increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 65.2% in the second quarter. Allworth Financial LP now owns 2,092 shares of the company’s stock worth $63,000 after buying an additional 826 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the second quarter worth approximately $71,000. Finally, Riverview Trust Co bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the second quarter valued at approximately $99,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

NYSEARCA SPSB opened at $30.22 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.74 and a 12-month high of $30.34. The company has a 50 day moving average price of $30.20 and a two-hundred day moving average price of $30.19.

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.