Clark Capital Management Group Inc. Makes New $2.38 Million Investment in SPDR Portfolio Long Term Corporate Bond ETF $SPLB

Clark Capital Management Group Inc. bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) in the 3rd quarter, HoldingsChannel reports. The firm bought 102,836 shares of the company’s stock, valued at approximately $2,378,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Prospera Financial Services Inc boosted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 0.8% during the 3rd quarter. Prospera Financial Services Inc now owns 58,651 shares of the company’s stock valued at $1,356,000 after acquiring an additional 460 shares during the last quarter. Transce3nd LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 68.6% in the second quarter. Transce3nd LLC now owns 1,214 shares of the company’s stock valued at $27,000 after purchasing an additional 494 shares during the period. SBI Securities Co. Ltd. increased its position in SPDR Portfolio Long Term Corporate Bond ETF by 8.5% during the second quarter. SBI Securities Co. Ltd. now owns 6,343 shares of the company’s stock worth $143,000 after purchasing an additional 499 shares during the last quarter. Decker Retirement Planning Inc. increased its position in SPDR Portfolio Long Term Corporate Bond ETF by 5.6% during the third quarter. Decker Retirement Planning Inc. now owns 9,517 shares of the company’s stock worth $220,000 after purchasing an additional 508 shares during the last quarter. Finally, CWM LLC raised its stake in SPDR Portfolio Long Term Corporate Bond ETF by 5.0% during the third quarter. CWM LLC now owns 10,896 shares of the company’s stock worth $252,000 after purchasing an additional 523 shares during the period.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.6%

NYSEARCA:SPLB opened at $22.10 on Tuesday. The company’s 50-day moving average is $22.74 and its two-hundred day moving average is $22.89. SPDR Portfolio Long Term Corporate Bond ETF has a 1-year low of $21.01 and a 1-year high of $23.59.

SPDR Portfolio Long Term Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1005 per share. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, March 2nd.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.