SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Hits New 12-Month High – Should You Buy?

Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) reached a new 52-week high on Friday . The stock traded as high as $30.34 and last traded at $30.3350, with a volume of 390832 shares. The stock had previously closed at $30.32.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.0%

The business has a 50 day simple moving average of $30.24 and a 200-day simple moving average of $30.23.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.1079 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC boosted its stake 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 worth $67,000 after purchasing an additional 334 shares during the period. RDA Financial Network boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.4% during the fourth quarter. RDA Financial Network now owns 10,475 shares of the company’s stock worth $316,000 after buying an additional 340 shares during the period. Legacy Wealth Management LLC MS boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.4% during the third quarter. Legacy Wealth Management LLC MS now owns 8,148 shares of the company’s stock worth $247,000 after buying an additional 342 shares during the period. Great Valley Advisor Group Inc. grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 8,542 shares of the company’s stock worth $258,000 after buying an additional 342 shares in the last quarter. Finally, Lake Street Private Wealth LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 3.2% in the 4th quarter. Lake Street Private Wealth LLC now owns 12,527 shares of the company’s stock valued at $378,000 after buying an additional 384 shares during the last quarter.

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.