SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 8.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,559,104 shares of the company’s stock after selling 320,147 shares during the period. Royal Bank of Canada’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $107,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPSB. Brown Advisory Inc. boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.7% in the 2nd quarter. Brown Advisory Inc. now owns 7,817 shares of the company’s stock valued at $236,000 after buying an additional 820 shares in the last quarter. Cerity Partners LLC grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.5% in the 2nd quarter. Cerity Partners LLC now owns 14,802 shares of the company’s stock valued at $447,000 after buying an additional 497 shares during the last quarter. State Street Corp raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 8.9% during the 2nd quarter. State Street Corp now owns 3,492,076 shares of the company’s stock worth $105,426,000 after acquiring an additional 286,709 shares in the last quarter. Sei Investments Co. lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 583.7% in the second quarter. Sei Investments Co. now owns 107,761 shares of the company’s stock valued at $3,253,000 after acquiring an additional 92,000 shares during the last quarter. Finally, Main Street Financial Solutions LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the second quarter valued at $814,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

NYSEARCA SPSB opened at $29.94 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.84 and a 1 year high of $30.34. The company has a fifty day moving average of $29.95 and a two-hundred day moving average of $30.06.

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.