SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Reaches New 12-Month High at $29.95

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) hit a new 52-week high on Wednesday . The company traded as high as $29.95 and last traded at $29.93, with a volume of 19468 shares traded. The stock had previously closed at $29.92.

SPDR Portfolio Short Term Corporate Bond ETF Trading Up 0.1 %

The business has a 50-day simple moving average of $29.72 and a two-hundred day simple moving average of $29.70.

Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mechanics Financial Corp grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 9.7% in the second quarter. Mechanics Financial Corp now owns 33,018 shares of the company’s stock valued at $981,000 after purchasing an additional 2,923 shares during the last quarter. Augustine Asset Management Inc. bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the second quarter valued at approximately $237,000. Eukles Asset Management boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.3% in the second quarter. Eukles Asset Management now owns 141,996 shares of the company’s stock valued at $4,217,000 after buying an additional 1,890 shares during the period. IFG Advisory LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1.9% in the second quarter. IFG Advisory LLC now owns 30,798 shares of the company’s stock valued at $915,000 after buying an additional 578 shares during the period. Finally, Private Ocean LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the second quarter valued at approximately $146,000.

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.