SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Shares Purchased by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan increased its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 172,439 shares of the company’s stock after purchasing an additional 13,380 shares during the period. Municipal Employees Retirement System of Michigan owned 0.07% of SPDR Portfolio Intermediate Term Corporate Bond ETF worth $5,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. True Link Financial Advisors LLC raised its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 38.5% during the 4th quarter. True Link Financial Advisors LLC now owns 3,203,828 shares of the company’s stock worth $104,957,000 after purchasing an additional 891,252 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 2.4% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 1,234,843 shares of the company’s stock worth $40,453,000 after purchasing an additional 28,771 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 255,610.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,007,500 shares of the company’s stock worth $33,963,000 after purchasing an additional 1,007,106 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 9.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 785,960 shares of the company’s stock worth $25,748,000 after purchasing an additional 65,428 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth about $17,585,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPIB opened at $33.04 on Friday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a twelve month low of $31.98 and a twelve month high of $33.86. The company has a 50-day moving average price of $32.91 and a 200 day moving average price of $33.12.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company 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.