SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get Free Report) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $29.66 and traded as low as $29.60. SPDR Portfolio Short Term Corporate Bond ETF shares last traded at $29.62, with a volume of 1,927,809 shares changing hands.
SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.3%
The company’s 50 day moving average price is $29.66 and its 200 day moving average price is $29.94.
Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF
Several institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at approximately $13,642,000. TD Capital Management LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth approximately $61,000. Global Retirement Partners LLC grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 27.7% during the 3rd quarter. Global Retirement Partners LLC now owns 67,036 shares of the company’s stock worth $1,984,000 after acquiring an additional 14,543 shares during the last quarter. Wrapmanager Inc. bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth approximately $9,146,000. Finally, First Financial Bankshares Inc bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth approximately $272,000.
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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