MCF Advisors LLC Raises Holdings in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

MCF Advisors LLC boosted its position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 31.5% in the third quarter, HoldingsChannel.com reports. The firm owned 2,888,561 shares of the company’s stock after acquiring an additional 691,231 shares during the period. SPDR Portfolio Short Term Corporate Bond ETF accounts for approximately 5.4% of MCF Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. MCF Advisors LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $87,495,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Creative Planning raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 5.0% during the 2nd quarter. Creative Planning now owns 45,354,564 shares of the company’s stock worth $1,369,254,000 after acquiring an additional 2,140,455 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 28.2% during the second quarter. JPMorgan Chase & Co. now owns 32,109,859 shares of the company’s stock worth $969,397,000 after purchasing an additional 7,071,441 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.7% during the 3rd quarter. Valmark Advisers Inc. now owns 8,397,084 shares of the company’s stock valued at $254,348,000 after purchasing an additional 373,230 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,620,146 shares of the company’s stock valued at $139,944,000 after purchasing an additional 741,369 shares during the last quarter. Finally, Allstate Corp boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 99.4% in the 3rd quarter. Allstate Corp now owns 4,375,565 shares of the company’s stock worth $132,536,000 after purchasing an additional 2,181,050 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of NYSEARCA:SPSB opened at $30.24 on Friday. The business’s 50-day moving average is $30.21 and its 200 day moving average is $30.22. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.74 and a 1 year high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.1079 dividend. 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.