SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Purchased by Gibbs Wealth Management

Gibbs Wealth Management raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 59.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 240,202 shares of the company’s stock after purchasing an additional 89,134 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF comprises 0.9% of Gibbs Wealth Management’s portfolio, making the stock its 21st largest holding. Gibbs Wealth Management owned about 0.07% of SPDR Portfolio Short Term Corporate Bond ETF worth $7,223,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SPSB. Strive Financial Group LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter valued at about $35,000. AlphaCore Capital LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 48.0% in the fourth quarter. AlphaCore Capital LLC now owns 1,807 shares of the company’s stock worth $55,000 after acquiring an additional 586 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter valued at about $58,000. CIBC Private Wealth Group LLC lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 17.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock valued at $67,000 after acquiring an additional 334 shares during the last quarter. Finally, Root Financial Partners LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 112.2% during the 1st quarter. Root Financial Partners LLC now owns 2,368 shares of the company’s stock valued at $71,000 after purchasing an additional 1,252 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.1%

Shares of SPSB opened at $29.87 on Friday. The firm’s 50 day moving average is $29.95 and its 200-day moving average is $30.08. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.84 and a 12-month high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Company 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.