Smith Moore & CO. Invests $1.26 Million in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Smith Moore & CO. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 41,524 shares of the company’s stock, valued at approximately $1,258,000.

Other institutional investors also recently modified their holdings of the company. Legacy Wealth Management LLC MS lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.4% in the third quarter. Legacy Wealth Management LLC MS now owns 8,148 shares of the company’s stock valued at $247,000 after purchasing an additional 342 shares during the last quarter. Aspetuck Financial Management LLC grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 0.3% in the second quarter. Aspetuck Financial Management LLC now owns 118,645 shares of the company’s stock worth $3,582,000 after purchasing an additional 390 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.1% in the third quarter. Global Retirement Partners LLC now owns 36,565 shares of the company’s stock worth $1,108,000 after purchasing an additional 413 shares during the last quarter. Orion Capital Management LLC increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.1% in the third quarter. Orion Capital Management LLC now owns 36,642 shares of the company’s stock worth $1,110,000 after buying an additional 416 shares during the period. Finally, AdvisorNet Financial Inc increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2.8% in the third quarter. AdvisorNet Financial Inc now owns 15,767 shares of the company’s stock worth $478,000 after buying an additional 423 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Trading Up 0.0%

NYSEARCA:SPSB opened at $30.16 on Friday. The company has a fifty day moving average of $30.24 and a 200 day moving average of $30.23. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.74 and a 52 week high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.1063 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.