SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sets New 1-Year High at $30.04

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $30.04 and last traded at $30.00, with a volume of 39629 shares changing hands. The stock had previously closed at $29.96.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

The company’s 50-day simple moving average is $29.77 and its 200-day simple moving average is $29.71.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Tidemark LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter worth $25,000. Cullen Frost Bankers Inc. lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 1,628.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,210 shares of the company’s stock valued at $36,000 after buying an additional 1,140 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 463.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the company’s stock valued at $57,000 after buying an additional 1,577 shares during the last quarter. LRI Investments LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the first quarter valued at $58,000. Finally, SouthState Corp acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the second quarter valued at $82,000.

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.