Penobscot Investment Management Company Inc. Purchases New Shares in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)

Penobscot Investment Management Company Inc. acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,120 shares of the company’s stock, valued at approximately $267,000.

Other large investors also recently made changes to their positions in the company. Duff & Phelps Investment Management Co. lifted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.4% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 352,055 shares of the company’s stock worth $11,558,000 after purchasing an additional 4,800 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth $84,000. Zhang Financial LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter valued at $1,070,000. Davidson Trust Co. boosted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 9.8% in the fourth quarter. Davidson Trust Co. now owns 23,061 shares of the company’s stock valued at $757,000 after acquiring an additional 2,067 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter worth about $36,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPDR Portfolio Intermediate Term Corporate Bond ETF stock opened at $32.09 on Thursday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1 year low of $30.89 and a 1 year high of $32.97. The company’s 50-day moving average is $32.42 and its two-hundred day moving average is $32.28.

SPDR Portfolio Intermediate Term Corporate Bond ETF Profile

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.