JPMorgan Chase & Co. Raises Stock Position in SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB

JPMorgan Chase & Co. boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 381.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 792,394 shares of the company’s stock after purchasing an additional 627,933 shares during the period. JPMorgan Chase & Co. owned approximately 0.25% of SPDR Portfolio Intermediate Term Corporate Bond ETF worth $26,854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPIB. Crestwood Advisors Group LLC grew its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.9% in the second quarter. Crestwood Advisors Group LLC now owns 62,314 shares of the company’s stock worth $2,092,000 after acquiring an additional 1,143 shares during the period. Centennial Bank AR lifted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 17.0% in the second quarter. Centennial Bank AR now owns 69,903 shares of the company’s stock valued at $2,347,000 after acquiring an additional 10,180 shares during the period. Fourth Dimension Wealth LLC boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 11.8% in the second quarter. Fourth Dimension Wealth LLC now owns 90,350 shares of the company’s stock worth $3,034,000 after purchasing an additional 9,526 shares during the last quarter. Climber Capital SA grew its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.1% during the 2nd quarter. Climber Capital SA now owns 122,735 shares of the company’s stock valued at $4,099,000 after purchasing an additional 4,810 shares during the period. Finally, Golden State Wealth Management LLC increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 57,722 shares of the company’s stock valued at $1,938,000 after purchasing an additional 2,361 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

SPIB opened at $34.11 on Friday. The company’s 50 day moving average is $33.89 and its 200 day moving average is $33.86. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12-month low of $32.38 and a 12-month high of $34.14.

SPDR Portfolio Intermediate Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1212 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, February 2nd.

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. SPIB was launched on Feb 10, 2009 and is managed by State Street.