Cornerstone Enterprises LLC Purchases New Shares in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Cornerstone Enterprises LLC purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 164,308 shares of the company’s stock, valued at approximately $4,962,000. SPDR Portfolio Short Term Corporate Bond ETF accounts for 2.4% of Cornerstone Enterprises LLC’s holdings, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPSB. Creative Planning grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 7.5% during the third quarter. Creative Planning now owns 48,756,348 shares of the company’s stock valued at $1,476,830,000 after buying an additional 3,401,784 shares during the period. Allstate Corp grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 99.4% during the third quarter. Allstate Corp now owns 4,375,565 shares of the company’s stock valued at $132,536,000 after buying an additional 2,181,050 shares during the period. Envestnet Asset Management Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 19.1% during the third quarter. Envestnet Asset Management Inc. now owns 4,620,146 shares of the company’s stock valued at $139,944,000 after buying an additional 741,369 shares during the period. First Command Advisory Services Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 706.6% during the third quarter. First Command Advisory Services Inc. now owns 803,793 shares of the company’s stock valued at $24,347,000 after buying an additional 704,139 shares during the period. Finally, MCF Advisors LLC grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 31.5% during the third quarter. MCF Advisors LLC now owns 2,888,561 shares of the company’s stock valued at $87,495,000 after buying an additional 691,231 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA SPSB opened at $30.08 on Friday. The company’s 50-day simple moving average is $30.12 and its 200-day simple moving average is $30.19. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.92 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.