Beam Wealth Advisors Inc. Invests $578,000 in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

Beam Wealth Advisors Inc. purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,456 shares of the company’s stock, valued at approximately $578,000.

Several other institutional investors have also added to or reduced their stakes in SPSB. Tidemark LLC purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter valued at $25,000. Cullen Frost Bankers Inc. grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 1,628.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,210 shares of the company’s stock worth $36,000 after buying an additional 1,140 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 463.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the company’s stock worth $57,000 after buying an additional 1,577 shares during the last quarter. LRI Investments LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 1st quarter worth about $58,000. Finally, SouthState Corp purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter valued at about $82,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.0 %

Shares of NYSEARCA:SPSB opened at $30.15 on Tuesday. The company has a 50-day moving average price of $29.93 and a 200 day moving average price of $29.75. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.10 and a 12 month high of $30.18.

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.