Abich Financial Wealth Management LLC Takes Position in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Abich Financial Wealth Management LLC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 21,816 shares of the company’s stock, valued at approximately $661,000. SPDR Portfolio Short Term Corporate Bond ETF makes up 0.2% of Abich Financial Wealth Management LLC’s holdings, making the stock its 24th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Westfuller Advisors LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth $27,000. Bessemer Group Inc. acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at about $30,000. Smartleaf Asset Management LLC increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 88.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock worth $58,000 after purchasing an additional 894 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 65.2% during the 2nd quarter. Allworth Financial LP now owns 2,092 shares of the company’s stock worth $63,000 after purchasing an additional 826 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Trading Up 0.1%

SPSB stock opened at $30.27 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.74 and a 12-month high of $30.34. The business’s 50-day moving average is $30.22 and its 200 day moving average is $30.22.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.1079 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, February 2nd.

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.