Dynamic Advisor Solutions LLC Sells 243,319 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

Dynamic Advisor Solutions LLC lowered its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,880 shares of the company’s stock after selling 243,319 shares during the quarter. Dynamic Advisor Solutions LLC owned about 0.08% of SPDR Portfolio Short Term Corporate Bond ETF worth $7,124,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Westfuller Advisors LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at about $27,000. Bessemer Group Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter worth about $30,000. Smartleaf Asset Management LLC grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% in the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares during the period. AlphaCore Capital LLC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at approximately $37,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 88.4% during the second quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock valued at $58,000 after purchasing an additional 894 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB opened at $29.97 on Monday. The business’s 50 day moving average price is $30.21 and its 200-day moving average price is $30.22. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.74 and a 52 week high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1063 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.