Red Cedar Investment Management LLC Sells 68,353 Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

Red Cedar Investment Management LLC reduced its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,151,494 shares of the company’s stock after selling 68,353 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF accounts for approximately 4.9% of Red Cedar Investment Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Red Cedar Investment Management LLC owned approximately 0.43% of SPDR Portfolio Short Term Corporate Bond ETF worth $34,291,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPSB. Cary Street Partners Investment Advisory LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 276.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 24,614 shares of the company’s stock worth $762,000 after acquiring an additional 18,077 shares during the period. Arkansas Financial Group Inc. boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 24.6% during the third quarter. Arkansas Financial Group Inc. now owns 645,226 shares of the company’s stock worth $18,918,000 after purchasing an additional 127,381 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.8% in the fourth quarter. AdvisorNet Financial Inc now owns 14,495 shares of the company’s stock valued at $432,000 after purchasing an additional 536 shares during the last quarter. Private Trust Co. NA raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 28.1% in the fourth quarter. Private Trust Co. NA now owns 16,697 shares of the company’s stock valued at $497,000 after purchasing an additional 3,661 shares during the period. Finally, Greenwich Wealth Management LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 6.8% in the fourth quarter. Greenwich Wealth Management LLC now owns 25,930 shares of the company’s stock valued at $772,000 after purchasing an additional 1,650 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Trading Up 0.2 %

SPSB stock traded up $0.06 during mid-day trading on Friday, hitting $29.63. 1,201,245 shares of the company were exchanged, compared to its average volume of 2,335,934. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.10 and a 1-year high of $29.94. The business has a 50 day simple moving average of $29.65 and a 200-day simple moving average of $29.62.

SPDR Portfolio Short Term Corporate Bond ETF Company 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.