Penobscot Investment Management Company Inc. Reduces Stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

Penobscot Investment Management Company Inc. reduced its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,830 shares of the company’s stock after selling 2,250 shares during the period. Penobscot Investment Management Company Inc.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $1,573,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SPSB. TIAA Trust National Association purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth approximately $71,080,000. Bank of New York Mellon Corp increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 437.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 405,653 shares of the company’s stock worth $11,894,000 after acquiring an additional 330,208 shares during the last quarter. Allstate Corp boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 13.5% during the 3rd quarter. Allstate Corp now owns 2,072,755 shares of the company’s stock valued at $60,773,000 after acquiring an additional 246,370 shares during the last quarter. NewSquare Capital LLC grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 67,708.7% during the fourth quarter. NewSquare Capital LLC now owns 242,755 shares of the company’s stock worth $7,229,000 after purchasing an additional 242,397 shares in the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter worth approximately $5,864,000.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of NYSEARCA:SPSB opened at $29.59 on Wednesday. The company’s fifty day moving average price is $29.66 and its 200-day moving average price is $29.62. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.10 and a one year high of $29.94.

About SPDR Portfolio Short Term Corporate Bond ETF

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.