Mechanics Financial Corp Buys 4,250 Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

Mechanics Financial Corp boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,948 shares of the company’s stock after purchasing an additional 4,250 shares during the quarter. Mechanics Financial Corp’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $1,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 19,112,441 shares of the company’s stock worth $578,725,000 after buying an additional 1,253,004 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth approximately $396,000. BNP Paribas Financial Markets boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 8,443.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 307,552 shares of the company’s stock valued at $9,313,000 after acquiring an additional 303,952 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.9% in the third quarter. Captrust Financial Advisors now owns 41,293 shares of the company’s stock valued at $1,250,000 after purchasing an additional 4,401 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in SPDR Portfolio Short Term Corporate Bond ETF by 3.3% in the fourth quarter. Farther Finance Advisors LLC now owns 11,821 shares of the company’s stock worth $353,000 after purchasing an additional 373 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Trading Up 0.1 %

SPSB stock opened at $30.08 on Friday. The company has a fifty day simple moving average of $29.97 and a two-hundred day simple moving average of $29.99. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.46 and a 52 week high of $30.31.

SPDR Portfolio Short Term Corporate Bond ETF 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.