SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sets New 1-Year High – Should You Buy?

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $30.34 and last traded at $30.3350, with a volume of 390832 shares. The stock had previously closed at $30.32.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The stock’s 50-day moving average is $30.24 and its 200-day moving average is $30.23.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.1079 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 17.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock valued at $67,000 after purchasing an additional 334 shares during the period. RDA Financial Network grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.4% in the fourth quarter. RDA Financial Network now owns 10,475 shares of the company’s stock valued at $316,000 after buying an additional 340 shares in the last quarter. Legacy Wealth Management LLC MS raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.4% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 8,148 shares of the company’s stock valued at $247,000 after buying an additional 342 shares during the period. Great Valley Advisor Group Inc. lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.2% during the 4th quarter. Great Valley Advisor Group Inc. now owns 8,542 shares of the company’s stock worth $258,000 after acquiring an additional 342 shares in the last quarter. Finally, Lake Street Private Wealth LLC boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 3.2% in the 4th quarter. Lake Street Private Wealth LLC now owns 12,527 shares of the company’s stock worth $378,000 after acquiring an additional 384 shares during the period.

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.