SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sets New 52-Week Low – What’s Next?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $29.93 and last traded at $29.94, with a volume of 37686 shares traded. The stock had previously closed at $29.95.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

The stock’s 50-day moving average price is $30.04 and its two-hundred day moving average price is $30.16.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in SPSB. Westfuller Advisors LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at $27,000. Bessemer Group Inc. bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at $30,000. Smartleaf Asset Management LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares during the last quarter. Strive Financial Group LLC purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter worth about $35,000. Finally, AlphaCore Capital LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth about $37,000.

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.