JPMorgan Chase & Co. Purchases 18,467,267 Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

JPMorgan Chase & Co. increased its position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 96.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 37,579,708 shares of the company’s stock after acquiring an additional 18,467,267 shares during the quarter. JPMorgan Chase & Co. owned 0.15% of SPDR Portfolio Short Term Corporate Bond ETF worth $1,122,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter valued at about $396,000. BNP Paribas Financial Markets grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 8,443.1% during the third quarter. BNP Paribas Financial Markets now owns 307,552 shares of the company’s stock valued at $9,313,000 after buying an additional 303,952 shares during the period. Captrust Financial Advisors grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 11.9% during the third quarter. Captrust Financial Advisors now owns 41,293 shares of the company’s stock valued at $1,250,000 after buying an additional 4,401 shares during the period. Farther Finance Advisors LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 3.3% during the fourth 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. Finally, TD Private Client Wealth LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 19.2% in the fourth quarter. TD Private Client Wealth LLC now owns 112,168 shares of the company’s stock worth $3,349,000 after acquiring an additional 18,051 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB stock opened at $30.04 on Friday. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.46 and a 1 year high of $30.31. The firm has a fifty day moving average price of $29.97 and a 200-day moving average price of $29.99.

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.