BIP Wealth LLC Boosts Stock Position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

BIP Wealth LLC boosted its position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 9.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 543,299 shares of the company’s stock after purchasing an additional 46,944 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF makes up approximately 1.1% of BIP Wealth LLC’s investment portfolio, making the stock its 13th largest holding. BIP Wealth LLC owned about 0.21% of SPDR Portfolio Short Term Corporate Bond ETF worth $16,451,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SPSB. Coston McIsaac & Partners purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth $25,000. Kennebec Savings Bank acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth about $48,000. LRI Investments LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the first quarter valued at approximately $58,000. SouthState Corp acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter worth approximately $82,000. Finally, Princeton Global Asset Management LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth approximately $102,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of NYSEARCA SPSB opened at $29.93 on Tuesday. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.42 and a 12 month high of $30.31. The company has a 50 day simple moving average of $30.09 and a two-hundred day simple moving average of $29.90.

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.