SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Bought by GEM Asset Management LLC

GEM Asset Management LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 28.2% during the third quarter, Holdings Channel.com reports. The firm owned 110,832 shares of the company’s stock after acquiring an additional 24,402 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF accounts for 1.4% of GEM Asset Management LLC’s investment portfolio, making the stock its 22nd largest holding. GEM Asset Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $3,280,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SPSB. Atwood & Palmer Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at about $39,000. Brown Lisle Cummings Inc. increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 300.3% in the second quarter. Brown Lisle Cummings Inc. now owns 1,397 shares of the company’s stock worth $42,000 after buying an additional 1,048 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 106.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,028 shares of the company’s stock worth $61,000 after buying an additional 1,046 shares during the period. Root Financial Partners LLC lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 112.2% in the 1st quarter. Root Financial Partners LLC now owns 2,368 shares of the company’s stock valued at $71,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter valued at about $76,000.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

NYSEARCA SPSB opened at $29.61 on Wednesday. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.45 and a 1-year high of $30.34. The stock has a 50-day moving average of $29.76 and a 200-day moving average of $29.91.

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.