Envestnet Asset Management Inc. Buys 741,369 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Envestnet Asset Management Inc. lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 19.1% during the third quarter, Holdings Channel.com reports. The fund owned 4,620,146 shares of the company’s stock after buying an additional 741,369 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $139,944,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Wealth Management LLC MS increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.4% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 8,148 shares of the company’s stock worth $247,000 after purchasing an additional 342 shares during the last quarter. Aspetuck Financial Management LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 0.3% in the second quarter. Aspetuck Financial Management LLC now owns 118,645 shares of the company’s stock valued at $3,582,000 after buying an additional 390 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.1% in the third quarter. Global Retirement Partners LLC now owns 36,565 shares of the company’s stock valued at $1,108,000 after buying an additional 413 shares in the last quarter. Orion Capital Management LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 1.1% during the third quarter. Orion Capital Management LLC now owns 36,642 shares of the company’s stock worth $1,110,000 after buying an additional 416 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 2.8% during the third quarter. AdvisorNet Financial Inc now owns 15,767 shares of the company’s stock worth $478,000 after acquiring an additional 423 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB stock opened at $30.24 on Friday. The company has a fifty day moving average price of $30.21 and a two-hundred day moving average price of $30.22. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.74 and a one year high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.1079 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, February 2nd.

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.