Cornerstone Management Inc. Has $15.99 Million Stake in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Cornerstone Management Inc. lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 531,884 shares of the company’s stock after acquiring an additional 56,193 shares during the period. SPDR Portfolio Short Term Corporate Bond ETF makes up approximately 2.5% of Cornerstone Management Inc.’s portfolio, making the stock its 9th biggest position. Cornerstone Management Inc.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $15,994,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Strive Financial Group LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter valued at about $35,000. AlphaCore Capital LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth approximately $37,000. IFC & Insurance Marketing Inc. bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth approximately $58,000. CIBC Private Wealth Group LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 17.9% in the fourth 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 in the last quarter. Finally, Triumph Capital Management acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at approximately $72,000.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB opened at $29.96 on Monday. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.88 and a 52-week high of $30.34. The business’s 50 day moving average price is $30.01 and its two-hundred day moving average price is $30.12.

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.