Zhang Financial LLC Buys 7,385 Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)

Zhang Financial LLC grew its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 22.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,962 shares of the company’s stock after purchasing an additional 7,385 shares during the quarter. Zhang Financial LLC’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $1,301,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SPIB. Able Wealth Management LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter valued at about $36,000. Parallel Advisors LLC increased its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 100.9% in the 4th quarter. Parallel Advisors LLC now owns 1,593 shares of the company’s stock valued at $52,000 after buying an additional 800 shares during the period. NBC Securities Inc. increased its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 57.6% in the 4th quarter. NBC Securities Inc. now owns 1,997 shares of the company’s stock valued at $65,000 after buying an additional 730 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at about $67,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

SPIB stock traded up $0.05 during mid-day trading on Monday, hitting $33.33. The stock had a trading volume of 1,559,283 shares, compared to its average volume of 4,042,730. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52 week low of $30.89 and a 52 week high of $33.39. The firm has a fifty day simple moving average of $32.82 and a 200 day simple moving average of $32.58.

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.