Cornerstone Enterprises LLC Sells 33,235 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Cornerstone Enterprises LLC reduced its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 22.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 114,435 shares of the company’s stock after selling 33,235 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF accounts for about 2.1% of Cornerstone Enterprises LLC’s investment portfolio, making the stock its 12th biggest holding. Cornerstone Enterprises LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $3,386,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Valmark Advisers Inc. lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.5% in the first quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock worth $274,454,000 after buying an additional 389,971 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.9% during the first quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock valued at $223,611,000 after buying an additional 2,573,239 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.1% during the second quarter. Baird Financial Group Inc. now owns 6,659,159 shares of the company’s stock valued at $199,841,000 after buying an additional 663,851 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 5,899,175 shares of the company’s stock valued at $177,034,000 after acquiring an additional 593,008 shares in the last quarter. Finally, State Street Corp increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 8.3% during the second quarter. State Street Corp now owns 3,530,180 shares of the company’s stock valued at $105,941,000 after acquiring an additional 269,832 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB opened at $29.63 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a twelve month low of $29.45 and a twelve month high of $30.34. The firm has a 50 day moving average of $29.75 and a 200 day moving average of $29.90.

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.