Orange Investment Advisors Inc. acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Free Report) in the third quarter, Holdings Channel.com reports. The firm acquired 1,216,752 shares of the company’s stock, valued at approximately $36,004,000. SPDR Portfolio Short Term Corporate Bond ETF makes up about 4.5% of Orange Investment Advisors Inc.’s portfolio, making the stock its 5th largest position.
Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth approximately $27,000. Simplicity Wealth LLC raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 2.1% in the 3rd quarter. Simplicity Wealth LLC now owns 226,776 shares of the company’s stock valued at $6,710,000 after purchasing an additional 4,668 shares during the last quarter. Sowell Financial Services LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at $774,000. Evergreen Capital Management LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at $341,000. Finally, Gibbs Wealth Management boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 14.9% during the 3rd quarter. Gibbs Wealth Management now owns 274,563 shares of the company’s stock worth $8,124,000 after purchasing an additional 35,528 shares during the last quarter.
SPDR Portfolio Short Term Corporate Bond ETF Price Performance
SPDR Portfolio Short Term Corporate Bond ETF stock opened at $29.68 on Monday. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.45 and a 52-week high of $30.34. The company has a fifty day simple moving average of $29.72 and a 200-day simple moving average of $29.88.
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.
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