SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Reaches New 1-Year Low – Here’s Why

Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) hit a new 52-week low during trading on Friday . The company traded as low as $29.89 and last traded at $29.90, with a volume of 661462 shares traded. The stock had previously closed at $29.96.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.2%

The business has a fifty day moving average price of $30.02 and a 200 day moving average price of $30.14.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Atria Investments Inc raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 29.3% in the third quarter. Atria Investments Inc now owns 544,819 shares of the company’s stock valued at $16,503,000 after purchasing an additional 123,621 shares in the last quarter. Greenberg Financial Group acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter valued at $2,251,000. RiverGlades Family Offices LLC raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 18.7% in the third quarter. RiverGlades Family Offices LLC now owns 147,597 shares of the company’s stock valued at $4,471,000 after purchasing an additional 23,300 shares in the last quarter. Strategic Point Investment Advisors LLC raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.1% in the fourth quarter. Strategic Point Investment Advisors LLC now owns 1,128,112 shares of the company’s stock valued at $34,069,000 after purchasing an additional 44,650 shares in the last quarter. Finally, Concord Wealth Partners raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.7% in the fourth quarter. Concord Wealth Partners now owns 1,062,335 shares of the company’s stock valued at $32,083,000 after purchasing an additional 37,412 shares in the last quarter.

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.