HighTower Advisors LLC Cuts Holdings in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

HighTower Advisors LLC decreased its holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 23.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,690 shares of the company’s stock after selling 46,824 shares during the period. HighTower Advisors LLC owned about 0.06% of SPDR Portfolio Short Term Corporate Bond ETF worth $4,625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PFG Private Wealth Management LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth about $344,000. Abich Financial Wealth Management LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at about $661,000. Atria Investments Inc boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 29.3% during the 3rd quarter. Atria Investments Inc now owns 544,819 shares of the company’s stock valued at $16,503,000 after acquiring an additional 123,621 shares during the last quarter. Westover Capital Advisors LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.2% in the third quarter. Westover Capital Advisors LLC now owns 202,058 shares of the company’s stock worth $6,120,000 after acquiring an additional 2,389 shares during the period. Finally, GK Wealth Management LLC raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.4% during the third quarter. GK Wealth Management LLC now owns 15,133 shares of the company’s stock valued at $458,000 after purchasing an additional 499 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPDR Portfolio Short Term Corporate Bond ETF stock opened at $30.30 on Wednesday. SPDR Portfolio Short Term Corporate Bond ETF has a twelve month low of $29.74 and a twelve month high of $30.34. The company’s 50 day moving average is $30.24 and its 200 day moving average is $30.23.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

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

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.