Royal Bank of Canada Sells 57,077 Shares of SPDR Portfolio Long Term Corporate Bond ETF $SPLB

Royal Bank of Canada decreased its holdings in SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 415,920 shares of the company’s stock after selling 57,077 shares during the quarter. Royal Bank of Canada’s holdings in SPDR Portfolio Long Term Corporate Bond ETF were worth $9,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sona Asset Management US LLC purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 1st quarter valued at about $52,106,000. RMG Wealth Management LLC purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the first quarter valued at approximately $107,000. Cetera Investment Advisers lifted its position in SPDR Portfolio Long Term Corporate Bond ETF by 303.0% during the first quarter. Cetera Investment Advisers now owns 518,888 shares of the company’s stock valued at $11,530,000 after purchasing an additional 390,127 shares during the period. Insight Advisors LLC PA lifted its position in SPDR Portfolio Long Term Corporate Bond ETF by 6.7% during the first quarter. Insight Advisors LLC PA now owns 33,597 shares of the company’s stock valued at $747,000 after purchasing an additional 2,110 shares during the period. Finally, Balefire LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the first quarter worth approximately $259,000.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

Shares of SPLB stock opened at $21.53 on Monday. SPDR Portfolio Long Term Corporate Bond ETF has a 12-month low of $21.34 and a 12-month high of $23.59. The firm’s 50 day moving average is $22.03 and its 200 day moving average is $22.31.

SPDR Portfolio Long Term Corporate Bond ETF Profile

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.