SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Hits New 1-Year Low – Should You Sell?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $29.67 and last traded at $29.67, with a volume of 5249990 shares. The stock had previously closed at $29.68.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

The stock’s fifty day simple moving average is $29.87 and its two-hundred day simple moving average is $29.97.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock valued at $284,649,000 after acquiring an additional 1,518,271 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.5% during the first quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock worth $274,454,000 after acquiring an additional 389,971 shares in the last quarter. Bank of America Corp DE boosted its position in 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 purchasing an additional 2,573,239 shares during the last quarter. Baird Financial Group Inc. boosted its position in 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 purchasing an additional 663,851 shares during the last quarter. Finally, Advisory Alpha LLC grew its stake in SPDR Portfolio Short Term Corporate Bond ETF by 3.1% in the fourth quarter. Advisory Alpha LLC now owns 4,365,866 shares of the company’s stock valued at $131,851,000 after purchasing an additional 130,510 shares in the last quarter.

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.