Baird Financial Group Inc. Trims Position in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Baird Financial Group Inc. decreased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 7.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,799,251 shares of the company’s stock after selling 326,449 shares during the quarter. Baird Financial Group Inc.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $114,699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aspetuck Financial Management LLC raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 0.3% during the second quarter. Aspetuck Financial Management LLC now owns 118,645 shares of the company’s stock worth $3,582,000 after purchasing an additional 390 shares during the period. Parallel Advisors LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 95,967 shares of the company’s stock worth $2,897,000 after buying an additional 482 shares during the last quarter. Alpha Omega Wealth Management LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 0.8% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 59,388 shares of the company’s stock valued at $1,793,000 after buying an additional 499 shares during the period. ARS Wealth Advisors Group LLC lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 6.7% in the second quarter. ARS Wealth Advisors Group LLC now owns 7,941 shares of the company’s stock valued at $240,000 after acquiring an additional 500 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 7.1% in the second quarter. Harbour Investments Inc. now owns 8,300 shares of the company’s stock worth $251,000 after acquiring an additional 552 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

SPSB stock opened at $30.21 on Thursday. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.74 and a 52-week high of $30.34. The business has a fifty day moving average of $30.24 and a two-hundred day moving average of $30.16.

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.