Synergy Investment Management LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,030 shares of the company’s stock, valued at approximately $31,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SPSB. Kennebec Savings Bank purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter worth $48,000. Crews Bank & Trust purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $81,000. Westside Investment Management Inc. increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 10.1% in the third quarter. Westside Investment Management Inc. now owns 3,800 shares of the company’s stock worth $115,000 after purchasing an additional 350 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $154,000. Finally, Bank of Jackson Hole Trust purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter valued at $262,000.
SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.1 %
SPSB opened at $29.98 on Thursday. The company has a fifty day moving average of $29.92 and a 200 day moving average of $30.00. SPDR Portfolio Short Term Corporate Bond ETF has a fifty-two week low of $29.46 and a fifty-two week high of $30.31.
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.
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