Orange Investment Advisors Inc. bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,216,752 shares of the company’s stock, valued at approximately $36,004,000. SPDR Portfolio Short Term Corporate Bond ETF accounts for about 4.5% of Orange Investment Advisors Inc.’s portfolio, making the stock its 5th largest position. Orange Investment Advisors Inc. owned 0.32% of SPDR Portfolio Short Term Corporate Bond ETF as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPSB. Signaturefd LLC purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter worth about $27,000. Simplicity Wealth LLC boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 2.1% in the third quarter. Simplicity Wealth LLC now owns 226,776 shares of the company’s stock valued at $6,710,000 after buying an additional 4,668 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at approximately $774,000. Evergreen Capital Management LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at approximately $341,000. Finally, Gibbs Wealth Management boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 14.9% in the third quarter. Gibbs Wealth Management now owns 274,563 shares of the company’s stock valued at $8,124,000 after buying an additional 35,528 shares during the last quarter.
SPDR Portfolio Short Term Corporate Bond ETF Stock Performance
Shares of NYSEARCA:SPSB opened at $29.68 on Monday. SPDR Portfolio Short Term Corporate Bond ETF has a twelve month low of $29.45 and a twelve month high of $30.34. The company’s 50 day moving average is $29.72 and its 200 day moving average is $29.88.
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.
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