Midwest Trust Co Acquires Shares of 189,522 SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Midwest Trust Co bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 189,522 shares of the company’s stock, valued at approximately $5,722,000.

A number of other large investors have also recently modified their holdings of the business. Friedenthal Financial acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter worth $36,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the first quarter valued at about $38,000. LRI Investments LLC grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 17.1% in the first quarter. LRI Investments LLC now owns 2,289 shares of the company’s stock valued at $69,000 after acquiring an additional 335 shares during the last quarter. Riverview Trust Co acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the second quarter worth about $99,000. Finally, Fifth Third Bancorp acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the second quarter worth about $130,000.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

SPSB stock opened at $30.18 on Monday. The firm has a 50-day moving average price of $30.24 and a 200-day moving average price of $30.13. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.74 and a 12 month high of $30.34.

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.