First Horizon Advisors Inc. Cuts Stock Holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

First Horizon Advisors Inc. lowered its holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 14.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 83,057 shares of the company’s stock after selling 14,016 shares during the quarter. First Horizon Advisors Inc.’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $2,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPSB. Mechanics Financial Corp boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.1% during the fourth quarter. Mechanics Financial Corp now owns 25,893 shares of the company’s stock valued at $771,000 after acquiring an additional 1,725 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 3,124,781 shares of the company’s stock worth $93,056,000 after buying an additional 15,670 shares during the last quarter. Rogco LP raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 28.5% in the 4th quarter. Rogco LP now owns 325,181 shares of the company’s stock worth $9,684,000 after purchasing an additional 72,102 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 276.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 24,614 shares of the company’s stock valued at $762,000 after buying an additional 18,077 shares in the last quarter. Finally, IAG Wealth Partners LLC lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 9.9% during the 4th quarter. IAG Wealth Partners LLC now owns 10,813 shares of the company’s stock valued at $322,000 after acquiring an additional 971 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

SPDR Portfolio Short Term Corporate Bond ETF stock opened at $29.63 on Friday. The stock’s 50 day moving average price is $29.65 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.

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.