SPDR Portfolio Short Term Corporate Bond ETF $SPSB Shares Bought by Allen Investment Management LLC

Allen Investment Management LLC lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 23.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 300,971 shares of the company’s stock after buying an additional 56,290 shares during the quarter. Allen Investment Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $9,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Strive Financial Group LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter worth approximately $35,000. AlphaCore Capital LLC raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 48.0% in the 4th quarter. AlphaCore Capital LLC now owns 1,807 shares of the company’s stock valued at $55,000 after acquiring an additional 586 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth $58,000. CIBC Private Wealth Group LLC lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 17.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock worth $67,000 after purchasing an additional 334 shares during the period. Finally, Root Financial Partners LLC lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 112.2% during the 1st quarter. Root Financial Partners LLC now owns 2,368 shares of the company’s stock worth $71,000 after purchasing an additional 1,252 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

SPSB stock opened at $29.93 on Monday. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.85 and a 52-week high of $30.34. The stock’s fifty day simple moving average is $29.96 and its 200-day simple moving average is $30.08.

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.