Red Cedar Investment Management LLC Lowers Stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

Red Cedar Investment Management LLC trimmed its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 5.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,151,494 shares of the company’s stock after selling 68,353 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF comprises 4.9% of Red Cedar Investment Management LLC’s holdings, making the stock its 3rd biggest holding. Red Cedar Investment Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $34,291,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SPSB. Cary Street Partners Investment Advisory LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 276.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 24,614 shares of the company’s stock worth $762,000 after acquiring an additional 18,077 shares during the period. Arkansas Financial Group Inc. lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 24.6% during the third quarter. Arkansas Financial Group Inc. now owns 645,226 shares of the company’s stock valued at $18,918,000 after purchasing an additional 127,381 shares during the last quarter. AdvisorNet Financial Inc boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 3.8% during the fourth quarter. AdvisorNet Financial Inc now owns 14,495 shares of the company’s stock worth $432,000 after purchasing an additional 536 shares during the period. Private Trust Co. NA increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 28.1% in the fourth quarter. Private Trust Co. NA now owns 16,697 shares of the company’s stock worth $497,000 after purchasing an additional 3,661 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 6.8% in the fourth quarter. Greenwich Wealth Management LLC now owns 25,930 shares of the company’s stock valued at $772,000 after purchasing an additional 1,650 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB stock traded up $0.06 during trading on Friday, reaching $29.63. 1,201,245 shares of the company’s stock traded hands, compared to its average volume of 2,335,934. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.10 and a 1 year high of $29.94. The firm’s 50-day moving average is $29.65 and its 200 day moving average is $29.62.

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.