NFP Retirement Inc. Invests $19.46 Million in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

NFP Retirement Inc. purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 644,512 shares of the company’s stock, valued at approximately $19,458,000. SPDR Portfolio Short Term Corporate Bond ETF makes up approximately 1.3% of NFP Retirement Inc.’s investment portfolio, making the stock its 17th biggest position. NFP Retirement Inc. owned 0.24% of SPDR Portfolio Short Term Corporate Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Friedenthal Financial bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter valued at about $36,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the first quarter worth approximately $38,000. Allworth Financial LP raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 65.2% during the second quarter. Allworth Financial LP now owns 2,092 shares of the company’s stock valued at $63,000 after purchasing an additional 826 shares during the last quarter. Riverview Trust Co purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the second quarter worth approximately $99,000. Finally, Fifth Third Bancorp bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter worth approximately $130,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB opened at $30.20 on Thursday. The firm has a fifty day simple moving average of $30.24 and a two-hundred day simple moving average of $30.14. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.74 and a 1-year 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.