Valmark Advisers Inc. Boosts Stake in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Valmark Advisers Inc. raised its position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,737,196 shares of the company’s stock after acquiring an additional 340,112 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF makes up 3.3% of Valmark Advisers Inc.’s portfolio, making the stock its 7th biggest holding. Valmark Advisers Inc. owned 3.10% of SPDR Portfolio Short Term Corporate Bond ETF worth $263,863,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SPSB. Brown Advisory Inc. lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 11.7% in the second quarter. Brown Advisory Inc. now owns 7,817 shares of the company’s stock valued at $236,000 after acquiring an additional 820 shares during the period. Cerity Partners LLC lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 3.5% in the second quarter. Cerity Partners LLC now owns 14,802 shares of the company’s stock valued at $447,000 after acquiring an additional 497 shares during the period. State Street Corp lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 8.9% in the second quarter. State Street Corp now owns 3,492,076 shares of the company’s stock valued at $105,426,000 after acquiring an additional 286,709 shares during the period. Sei Investments Co. raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 583.7% in the second quarter. Sei Investments Co. now owns 107,761 shares of the company’s stock worth $3,253,000 after buying an additional 92,000 shares during the period. Finally, Main Street Financial Solutions LLC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the second quarter worth about $814,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.1%

NYSEARCA SPSB opened at $30.09 on Wednesday. The stock’s 50-day moving average price is $30.14 and its 200-day moving average price is $30.19. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.87 and a 52 week 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.