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State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSBFinancial ServicesAMEXUS
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State Street SPDR Portfolio Short Trm Corp Bd ETF faces headwinds from rising benchmark rates and persistent inflation risks. With 1.8 years duration, SPSB is vulnerable to capital depreciation, as 2-5 year yields have seen 50+ bps upward revisions. Falling credit spreads appear irrational given deteriorating consumer sentiment and inflationary pressures on corporate margins. So that could also be a factor against SPSB soon.
Short-term investment-grade bond strategies, with durations in the two-to-three-year range, are well positioned to capture a meaningful yield advantage without the rate sensitivity that has challenged longer duration strategies in recent months. The yield to worst on a diversified short-term bond portfolio currently sits between 4.5% and 5.0%, more than 100 basis points above what bank savings accounts and government money market funds are currently yielding. Although the path for rates is highly uncertain, the range of outcomes in which short-term bonds outperform cash is considerably wider than the range in which they don't.
Concord Wealth Partners grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,062,335 shares of the company's stock after buying an additional 37,412 shares during
Eagle Wealth Advisors LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 135,241 shares of the company's stock, valued at approximately $4,084,000. SPDR Portfolio Short Term Corporate
Eagle Global Advisors LLC reduced its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,260 shares of the company's stock after selling 17,090 shares during the
Greenberg Financial Group acquired a new stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,531 shares of the company's stock, valued at approximately $2,251,000. SPDR
Echo Wealth Management LLC cut its stake in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 26.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,439 shares of the company's stock after selling 17,994 shares during the period.
JPMorgan Chase and Co. reduced its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 99.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 311,700 shares of the company's stock after selling 31,798,159 shares during the quarter.
Advisory Services Network LLC increased its position in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 4.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 446,824 shares of the company's stock after purchasing an additional 19,789 shares during the period. Advisory Services
