Capital Wealth Management LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Free Report) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,314,656 shares of the company’s stock after buying an additional 86,938 shares during the period. SPDR Portfolio Short Term Corporate Bond ETF makes up about 9.0% of Capital Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Capital Wealth Management LLC owned about 0.35% of SPDR Portfolio Short Term Corporate Bond ETF worth $38,901,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.9% in the 1st quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock worth $223,611,000 after acquiring an additional 2,573,239 shares during the last quarter. Orange Investment Advisors Inc. bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at about $36,004,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 214,197.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 992,198 shares of the company’s stock valued at $29,781,000 after purchasing an additional 991,735 shares during the period. Gemmer Asset Management LLC grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 91.8% during the 3rd quarter. Gemmer Asset Management LLC now owns 1,626,010 shares of the company’s stock worth $48,114,000 after buying an additional 778,032 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 11.1% during the 2nd quarter. Baird Financial Group Inc. now owns 6,659,159 shares of the company’s stock worth $199,841,000 after acquiring an additional 663,851 shares in the last quarter.
SPDR Portfolio Short Term Corporate Bond ETF Price Performance
Shares of NYSEARCA:SPSB opened at $29.69 on Thursday. The firm has a 50 day moving average of $29.71 and a 200 day moving average of $29.97. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.45 and a 52 week high of $30.34.
SPDR Portfolio Short Term Corporate Bond ETF 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.
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