SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) is Red Cedar Investment Management LLC’s 9th Largest Position

Red Cedar Investment Management LLC cut its holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 44.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 495,033 shares of the company’s stock after selling 398,223 shares during the quarter. SPDR Portfolio Short Term Corporate Bond ETF comprises 1.9% of Red Cedar Investment Management LLC’s holdings, making the stock its 9th largest position. Red Cedar Investment Management LLC’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $14,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPSB. Coston McIsaac & Partners purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at approximately $25,000. Kennebec Savings Bank acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at approximately $48,000. Crews Bank & Trust acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter valued at approximately $81,000. Princeton Global Asset Management LLC acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at approximately $102,000. Finally, Westside Investment Management Inc. grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 10.1% in the third quarter. Westside Investment Management Inc. now owns 3,800 shares of the company’s stock valued at $115,000 after purchasing an additional 350 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB opened at $29.95 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.46 and a 12 month high of $30.31. The stock’s 50 day moving average is $29.90 and its two-hundred day moving average is $30.00.

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.