Sax Wealth Advisors LLC Acquires Shares of 36,704 SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Sax Wealth Advisors LLC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the 4th quarter, Holdings Channel reports. The institutional investor bought 36,704 shares of the company’s stock, valued at approximately $1,108,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the second quarter valued at about $1,091,000. Ameritas Investment Partners Inc. lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 88.4% in the second quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock worth $58,000 after acquiring an additional 894 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 25.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 133,305 shares of the company’s stock valued at $4,024,000 after purchasing an additional 26,898 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter valued at approximately $232,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 5.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 27,011 shares of the company’s stock valued at $815,000 after purchasing an additional 1,387 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of NYSEARCA:SPSB opened at $29.95 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.74 and a one year high of $30.34. The firm has a 50 day simple moving average of $30.19 and a 200 day simple moving average of $30.22.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1063 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.