APS Management Group Inc. Acquires New Position in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

APS Management Group Inc. bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 55,375 shares of the company’s stock, valued at approximately $1,677,000. SPDR Portfolio Short Term Corporate Bond ETF accounts for 1.2% of APS Management Group Inc.’s investment portfolio, making the stock its 19th biggest position.

Several other large investors have also recently modified their holdings of SPSB. Kelly Financial Group LLC grew its stake in SPDR Portfolio Short Term Corporate Bond ETF by 56.8% in the 3rd quarter. Kelly Financial Group LLC now owns 13,968 shares of the company’s stock valued at $423,000 after buying an additional 5,057 shares in the last quarter. Absher Wealth Management LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth approximately $115,000. Echo Wealth Management LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 5.1% in the 3rd quarter. Echo Wealth Management LLC now owns 67,433 shares of the company’s stock worth $2,043,000 after buying an additional 3,268 shares during the last quarter. City Holding Co. raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 13.4% during the 3rd quarter. City Holding Co. now owns 53,573 shares of the company’s stock valued at $1,623,000 after buying an additional 6,333 shares in the last quarter. Finally, Cedar Point Capital Partners LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 5.1% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 9,066 shares of the company’s stock valued at $275,000 after buying an additional 440 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB stock opened at $30.23 on Wednesday. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.74 and a 12-month high of $30.34. The business has a 50-day moving average price of $30.21 and a two-hundred day moving average price of $30.19.

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.