Hudson Valley Investment Advisors Inc. ADV Has $30.79 Million Holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

Hudson Valley Investment Advisors Inc. ADV raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 108.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,016,952 shares of the company’s stock after purchasing an additional 529,121 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF accounts for about 3.4% of Hudson Valley Investment Advisors Inc. ADV’s investment portfolio, making the stock its 7th biggest holding. Hudson Valley Investment Advisors Inc. ADV owned 0.39% of SPDR Portfolio Short Term Corporate Bond ETF worth $30,793,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SPSB. Manning & Napier Advisors LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the second quarter worth approximately $35,053,000. Bank of New York Mellon Corp grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 37.5% during the second quarter. Bank of New York Mellon Corp now owns 1,820,340 shares of the company’s stock valued at $54,064,000 after buying an additional 495,999 shares during the period. Allstate Corp lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 22.0% during the first quarter. Allstate Corp now owns 1,893,700 shares of the company’s stock valued at $56,375,000 after purchasing an additional 342,085 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 130.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 406,916 shares of the company’s stock valued at $12,085,000 after purchasing an additional 230,569 shares in the last quarter. Finally, Arkansas Financial Group Inc. lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 21.6% during the third quarter. Arkansas Financial Group Inc. now owns 983,719 shares of the company’s stock valued at $29,787,000 after purchasing an additional 174,813 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.1 %

Shares of NYSEARCA:SPSB opened at $30.01 on Thursday. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.13 and a 1-year high of $30.31. The firm’s 50 day simple moving average is $30.14 and its two-hundred day simple moving average is $29.87.

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.