SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sets New 12-Month Low – Should You Sell?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $29.88 and last traded at $29.90, with a volume of 150599 shares trading hands. The stock had previously closed at $30.01.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The stock’s 50 day moving average price is $29.99 and its 200 day moving average price is $30.11.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the company. Creative Planning raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 7.5% in the third quarter. Creative Planning now owns 48,756,348 shares of the company’s stock valued at $1,476,830,000 after buying an additional 3,401,784 shares during the period. Bank of America Corp DE boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.9% during the 1st quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock worth $223,611,000 after acquiring an additional 2,573,239 shares during the period. LPL Financial LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock worth $284,649,000 after acquiring an additional 1,518,271 shares during the period. Wells Fargo & Company MN increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,677,610 shares of the company’s stock worth $111,064,000 after acquiring an additional 1,269,768 shares during the last quarter. Finally, SoundView Advisors Inc. acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth approximately $30,807,000.

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.