Lee Danner & Bass Inc. Acquires Shares of 13,250 SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB)

Lee Danner & Bass Inc. acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,250 shares of the company’s stock, valued at approximately $396,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPSB. Synergy Investment Management LLC purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth approximately $31,000. Crews Bank & Trust purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth approximately $81,000. Westside Investment Management Inc. increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 10.1% during the 3rd quarter. Westside Investment Management Inc. now owns 3,800 shares of the company’s stock worth $115,000 after purchasing an additional 350 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth approximately $154,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth approximately $262,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of SPSB stock opened at $30.05 on Friday. The company has a 50 day moving average of $29.96 and a 200-day moving average of $29.99. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.46 and a 12-month high of $30.31.

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.