BIP Wealth LLC Has $44.45 Million Stock Position in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

BIP Wealth LLC boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,478,176 shares of the company’s stock after purchasing an additional 27,514 shares during the period. SPDR Portfolio Short Term Corporate Bond ETF comprises about 1.8% of BIP Wealth LLC’s portfolio, making the stock its 11th largest holding. BIP Wealth LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $44,449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CIBC Private Wealth Group LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 17.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock worth $67,000 after buying an additional 334 shares during the last quarter. RDA Financial Network increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.4% during the fourth quarter. RDA Financial Network now owns 10,475 shares of the company’s stock valued at $316,000 after acquiring an additional 340 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 8,542 shares of the company’s stock valued at $258,000 after acquiring an additional 342 shares during the last quarter. Lake Street Private Wealth LLC lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 3.2% during the fourth quarter. Lake Street Private Wealth LLC now owns 12,527 shares of the company’s stock worth $378,000 after acquiring an additional 384 shares during the period. Finally, Cerity Partners LLC lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 3.5% during the second quarter. Cerity Partners LLC now owns 14,802 shares of the company’s stock worth $447,000 after acquiring an additional 497 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

SPSB stock opened at $29.93 on Friday. The stock’s fifty day simple moving average is $29.99 and its two-hundred day simple moving average is $30.10. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.88 and a 1-year high of $30.34.

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.