Marmo Financial Group LLC Invests $4.86 Million in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Marmo Financial Group LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 160,455 shares of the company’s stock, valued at approximately $4,860,000. SPDR Portfolio Short Term Corporate Bond ETF accounts for about 2.4% of Marmo Financial Group LLC’s investment portfolio, making the stock its 12th largest holding. Marmo Financial Group LLC owned approximately 0.06% of SPDR Portfolio Short Term Corporate Bond ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPSB. Friedenthal Financial bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter worth $36,000. Ameritas Investment Partners Inc. grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 88.4% during the second quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock worth $58,000 after acquiring an additional 894 shares during the period. Allworth Financial LP raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 65.2% in the second quarter. Allworth Financial LP now owns 2,092 shares of the company’s stock worth $63,000 after acquiring an additional 826 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter valued at about $71,000. Finally, Riverview Trust Co acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter valued at about $99,000.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB opened at $30.22 on Friday. The firm’s 50 day moving average is $30.20 and its 200-day moving average is $30.19. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.74 and a 12-month high of $30.34.

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.