SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) is Red Cedar Investment Management LLC’s 6th Largest Position

Red Cedar Investment Management LLC reduced its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 893,256 shares of the company’s stock after selling 35,845 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF makes up 3.4% of Red Cedar Investment Management LLC’s holdings, making the stock its 6th largest position. Red Cedar Investment Management LLC owned 0.34% of SPDR Portfolio Short Term Corporate Bond ETF worth $27,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. Coston McIsaac & Partners purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at about $25,000. LRI Investments LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the first quarter valued at about $58,000. SouthState Corp acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the second quarter valued at about $82,000. Princeton Global Asset Management LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at about $102,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the second quarter valued at about $132,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.1 %

Shares of SPSB stock traded up $0.04 during mid-day trading on Monday, reaching $29.92. The stock had a trading volume of 254,380 shares, compared to its average volume of 2,201,585. The business’s fifty day moving average is $30.13 and its 200-day moving average is $29.87. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.26 and a 1-year high of $30.31.

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.