Mechanics Financial Corp Raises Stock Holdings in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

Mechanics Financial Corp lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,893 shares of the company’s stock after acquiring an additional 1,725 shares during the period. Mechanics Financial Corp’s holdings in SPDR Portfolio Short Term Corporate Bond ETF were worth $771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,124,781 shares of the company’s stock worth $93,056,000 after purchasing an additional 15,670 shares during the last quarter. TIAA Trust National Association purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth about $71,080,000. Allstate Corp boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 13.5% in the third quarter. Allstate Corp now owns 2,072,755 shares of the company’s stock worth $60,773,000 after acquiring an additional 246,370 shares during the last quarter. Arkansas Financial Group Inc. increased its position in SPDR Portfolio Short Term Corporate Bond ETF by 24.6% during the third quarter. Arkansas Financial Group Inc. now owns 645,226 shares of the company’s stock worth $18,918,000 after purchasing an additional 127,381 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 14.3% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 487,831 shares of the company’s stock worth $14,508,000 after purchasing an additional 61,040 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.2 %

Shares of NYSEARCA:SPSB traded up $0.05 during trading on Thursday, reaching $29.56. 481,867 shares of the stock were exchanged, compared to its average volume of 2,336,547. The firm’s 50-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 12-month low of $29.10 and a 12-month 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.