PNC Financial Services Group Inc. Acquires 103,323 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

PNC Financial Services Group Inc. raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,975,232 shares of the company’s stock after buying an additional 103,323 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $59,830,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Westfuller Advisors LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at $27,000. Bessemer Group Inc. purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at $30,000. Smartleaf Asset Management LLC lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 88.4% during the second quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock valued at $58,000 after purchasing an additional 894 shares during the period. Finally, Allworth Financial LP increased its position 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 in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.1%

NYSEARCA SPSB opened at $30.29 on Tuesday. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.74 and a 52 week high of $30.34. The stock’s 50-day moving average price is $30.22 and its 200-day moving average price is $30.22.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

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

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.