Valmark Advisers Inc. Has $254.35 Million Stake in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Valmark Advisers Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 4.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,397,084 shares of the company’s stock after buying an additional 373,230 shares during the period. SPDR Portfolio Short Term Corporate Bond ETF accounts for about 3.3% of Valmark Advisers Inc.’s portfolio, making the stock its 7th largest position. Valmark Advisers Inc. owned approximately 3.12% of SPDR Portfolio Short Term Corporate Bond ETF worth $254,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Wealth Management LLC MS grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 4.4% in the third quarter. Legacy Wealth Management LLC MS now owns 8,148 shares of the company’s stock worth $247,000 after purchasing an additional 342 shares during the last quarter. Aspetuck Financial Management LLC grew its stake in SPDR Portfolio Short Term Corporate Bond ETF by 0.3% during the 2nd quarter. Aspetuck Financial Management LLC now owns 118,645 shares of the company’s stock worth $3,582,000 after buying an additional 390 shares during the last quarter. Global Retirement Partners LLC increased its position in SPDR Portfolio Short Term Corporate Bond ETF by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 36,565 shares of the company’s stock valued at $1,108,000 after buying an additional 413 shares in the last quarter. AdvisorNet Financial Inc raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 2.8% in the third quarter. AdvisorNet Financial Inc now owns 15,767 shares of the company’s stock valued at $478,000 after buying an additional 423 shares during the last quarter. Finally, Cedar Point Capital Partners LLC boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 5.1% in the third quarter. Cedar Point Capital Partners LLC now owns 9,066 shares of the company’s stock worth $275,000 after acquiring an additional 440 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

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

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.