SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sets New 12-Month Low – Should You Sell?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.74 and last traded at $29.7450, with a volume of 3297468 shares trading hands. The stock had previously closed at $29.79.

SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.2%

The stock has a fifty day moving average price of $29.90 and a 200 day moving average price of $29.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPSB. Strive Financial Group LLC purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter valued at $35,000. Brown Lisle Cummings Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 300.3% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,397 shares of the company’s stock valued at $42,000 after acquiring an additional 1,048 shares during the last quarter. AlphaCore Capital LLC increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 48.0% in the fourth quarter. AlphaCore Capital LLC now owns 1,807 shares of the company’s stock worth $55,000 after purchasing an additional 586 shares during the period. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $58,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 106.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,028 shares of the company’s stock worth $61,000 after purchasing an additional 1,046 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Company 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.