ST Germain D J Co. Inc. grew its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Free Report) by 7.6% in the first quarter, HoldingsChannel.com reports. The fund owned 689,555 shares of the company’s stock after acquiring an additional 48,482 shares during the quarter. SPDR Portfolio Intermediate Term Corporate Bond ETF comprises about 1.1% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 24th biggest position. ST Germain D J Co. Inc.’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $22,542,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Confluence Investment Management LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 1st quarter worth $8,067,000. Able Wealth Management LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth $29,000. OLD Mission Capital LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth $10,909,000. Brevan Howard Capital Management LP bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth $11,490,000. Finally, Comerica Bank lifted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 173.8% during the 4th quarter. Comerica Bank now owns 45,121 shares of the company’s stock worth $1,481,000 after buying an additional 28,640 shares during the last quarter.
SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance
Shares of SPIB stock traded up $0.07 on Tuesday, hitting $32.68. 1,774,145 shares of the company’s stock were exchanged, compared to its average volume of 4,209,502. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12 month low of $30.89 and a 12 month high of $32.97. The company has a 50 day moving average of $32.35 and a 200 day moving average of $32.51.
About SPDR Portfolio Intermediate Term Corporate Bond ETF
The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years.
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