DAVENPORT & Co LLC Grows Position in SPDR Portfolio Short Term Corporate Bond ETF $SPSB

DAVENPORT & Co LLC raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,605 shares of the company’s stock after purchasing an additional 33,774 shares during the quarter. DAVENPORT & Co LLC owned about 0.09% of SPDR Portfolio Short Term Corporate Bond ETF worth $7,991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Westfuller Advisors LLC purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at $27,000. Bessemer Group Inc. acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at $30,000. Smartleaf Asset Management LLC increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $31,000 after acquiring an additional 1,002 shares during the period. AlphaCore Capital LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth $37,000. Finally, Ameritas Investment Partners Inc. raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 88.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,905 shares of the company’s stock worth $58,000 after acquiring an additional 894 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.2%

Shares of SPSB opened at $29.95 on Friday. The stock has a 50-day moving average of $30.19 and a two-hundred day moving average of $30.22. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.74 and a one year high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

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

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.