Echo Wealth Management LLC Cuts Stake in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Echo Wealth Management LLC lowered its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 38.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,499 shares of the company’s stock after selling 18,940 shares during the period. SPDR Portfolio Short Term Corporate Bond ETF accounts for about 0.5% of Echo Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Echo Wealth Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Strive Financial Group LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter valued at $35,000. AlphaCore Capital LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at $37,000. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 4th quarter worth $58,000. CIBC Private Wealth Group LLC lifted its stake in 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 purchasing an additional 334 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter valued at about $72,000.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

SPSB opened at $30.02 on Friday. The firm has a 50-day simple moving average of $30.00 and a two-hundred day simple moving average of $30.11. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.88 and a 52 week 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.