Municipal Employees Retirement System of Michigan Decreases Holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

Municipal Employees Retirement System of Michigan cut its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 228,061 shares of the company’s stock after selling 31,648 shares during the period. Municipal Employees Retirement System of Michigan owned about 0.09% of SPDR Portfolio Short Term Corporate Bond ETF worth $6,810,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 11,821 shares of the company’s stock valued at $353,000 after buying an additional 373 shares during the last quarter. Staley Capital Advisers Inc. raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 10.2% during the 4th quarter. Staley Capital Advisers Inc. now owns 137,450 shares of the company’s stock valued at $4,104,000 after buying an additional 12,700 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter valued at $31,000. SBI Securities Co. Ltd. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter valued at $154,000. Finally, Jones Financial Companies Lllp raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 74.9% during the 4th quarter. Jones Financial Companies Lllp now owns 22,759 shares of the company’s stock valued at $680,000 after buying an additional 9,747 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

NYSEARCA:SPSB opened at $29.96 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.46 and a one year high of $30.31. The business has a fifty day moving average price of $29.94 and a 200-day moving average price of $30.00.

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.