SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sets New 52-Week Low – Here’s What Happened

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $29.89 and last traded at $29.90, with a volume of 661462 shares trading hands. The stock had previously closed at $29.96.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The company has a 50 day moving average of $30.02 and a 200-day moving average of $30.14.

Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at about $30,000. Smartleaf Asset Management LLC lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $31,000 after acquiring an additional 1,002 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter valued at about $35,000. AlphaCore Capital LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at about $37,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter valued at about $58,000.

About SPDR Portfolio Short Term Corporate Bond ETF

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.