JPMorgan Chase & Co. Sells 31,798,159 Shares of SPDR Portfolio Short Term Corporate Bond ETF $SPSB

JPMorgan Chase & Co. reduced its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 99.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 311,700 shares of the company’s stock after selling 31,798,159 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.12% of SPDR Portfolio Short Term Corporate Bond ETF worth $9,441,000 at the end of the most recent quarter.

A number of other hedge funds have also recently 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 in the third quarter valued at approximately $27,000. Bessemer Group Inc. purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth $30,000. Smartleaf Asset Management LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% during the 3rd 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 stake in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter valued at $37,000. Finally, Ameritas Investment Partners Inc. raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 88.4% during the 2nd 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 Stock Performance

Shares of SPSB stock opened at $29.98 on Monday. SPDR Portfolio Short Term Corporate Bond ETF has a twelve month low of $29.74 and a twelve month high of $30.34. The stock has a fifty day simple moving average of $30.19 and a two-hundred day simple moving average of $30.21.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued 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.