Mechanics Financial Corp grew its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Free Report) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,948 shares of the company’s stock after buying an additional 4,250 shares during the quarter. Mechanics Financial Corp’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $1,133,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Synergy Investment Management LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth approximately $31,000. Crews Bank & Trust purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $81,000. Westside Investment Management Inc. lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 10.1% during the 3rd quarter. Westside Investment Management Inc. now owns 3,800 shares of the company’s stock valued at $115,000 after buying an additional 350 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter valued at $154,000. Finally, Graney & King LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter worth $168,000.
SPDR Portfolio Short Term Corporate Bond ETF Price Performance
NYSEARCA:SPSB opened at $30.08 on Friday. The business’s 50-day simple moving average is $29.97 and its two-hundred day simple moving average is $29.99. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.46 and a 52 week high of $30.31.
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.
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