SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $29.89 and last traded at $29.90, with a volume of 661462 shares changing hands. 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 simple moving average of $30.02 and a two-hundred day simple moving average of $30.14.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SPSB. Creative Planning boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.5% in the 3rd quarter. Creative Planning now owns 48,756,348 shares of the company’s stock worth $1,476,830,000 after purchasing an additional 3,401,784 shares in the last quarter. LPL Financial LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 19.2% during the fourth quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock valued at $284,649,000 after buying an additional 1,518,271 shares during the period. Valmark Advisers Inc. increased its holdings in 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 valued at $274,454,000 after buying an additional 389,971 shares during the period. Morgan Stanley increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 13.2% during the fourth quarter. Morgan Stanley now owns 8,712,343 shares of the company’s stock valued at $263,113,000 after buying an additional 1,017,975 shares during the period. Finally, Bank of America Corp DE increased its holdings 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 buying an additional 2,573,239 shares during the period.
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.
Further Reading
- Five stocks we like better than SPDR Portfolio Short Term Corporate Bond ETF
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for SPDR Portfolio Short Term Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Short Term Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
