SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Position Trimmed by Foster & Motley Inc.

Foster & Motley Inc. reduced its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 5.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 114,984 shares of the company’s stock after selling 6,065 shares during the period. Foster & Motley Inc.’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $3,876,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SPIB. Hexagon Capital Partners LLC boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,956 shares of the company’s stock valued at $161,000 after purchasing an additional 468 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at $69,000. NBC Securities Inc. raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 22.2% during the third quarter. NBC Securities Inc. now owns 3,646 shares of the company’s stock valued at $122,000 after purchasing an additional 663 shares in the last quarter. 1620 Investment Advisors Inc. lifted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.1% in the second quarter. 1620 Investment Advisors Inc. now owns 123,804 shares of the company’s stock worth $4,031,000 after purchasing an additional 4,864 shares during the period. Finally, Liberty Wealth Management LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at about $1,141,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPIB stock opened at $32.86 on Wednesday. The firm’s 50-day moving average is $33.44 and its two-hundred day moving average is $32.95. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52 week low of $31.34 and a 52 week high of $33.86.

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.