SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Acquired by Concord Wealth Partners

Concord Wealth Partners increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,024,923 shares of the company’s stock after buying an additional 59,293 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF comprises approximately 4.3% of Concord Wealth Partners’ holdings, making the stock its 4th largest position. Concord Wealth Partners owned 0.38% of SPDR Portfolio Short Term Corporate Bond ETF worth $31,045,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SPSB. Rodgers & Associates LTD grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.2% during the third quarter. Rodgers & Associates LTD now owns 1,615,193 shares of the company’s stock worth $48,924,000 after acquiring an additional 50,270 shares during the last quarter. Portside Wealth Group LLC boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 1.4% during the 3rd quarter. Portside Wealth Group LLC now owns 68,146 shares of the company’s stock valued at $2,064,000 after purchasing an additional 957 shares during the period. Flagship Harbor Advisors LLC grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 60,515 shares of the company’s stock worth $1,833,000 after purchasing an additional 2,845 shares during the last quarter. Bessemer Group Inc. bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth about $30,000. Finally, Beam Wealth Advisors Inc. increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.1% in the third quarter. Beam Wealth Advisors Inc. now owns 17,123 shares of the company’s stock valued at $519,000 after purchasing an additional 670 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of NYSEARCA SPSB opened at $30.24 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 stock has a 50 day simple moving average of $30.21 and a 200-day simple moving average of $30.22.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1079 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, February 2nd.

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.