RMG Wealth Management LLC Makes New Investment in SPDR Portfolio Long Term Corporate Bond ETF $SPLB

RMG Wealth Management LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,097,447 shares of the company’s stock, valued at approximately $46,400,000. SPDR Portfolio Long Term Corporate Bond ETF makes up approximately 7.1% of RMG Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPLB. Creative Financial Designs Inc. ADV increased its position in SPDR Portfolio Long Term Corporate Bond ETF by 290.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,914 shares of the company’s stock worth $43,000 after purchasing an additional 1,424 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 689,100.0% during the first quarter. Farther Finance Advisors LLC now owns 6,892 shares of the company’s stock worth $156,000 after buying an additional 6,891 shares in the last quarter. City Center Advisors LLC increased its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 10.6% during the second quarter. City Center Advisors LLC now owns 15,541 shares of the company’s stock worth $351,000 after buying an additional 1,492 shares in the last quarter. Balefire LLC bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 2nd quarter valued at $398,000. Finally, Iams Wealth Management LLC boosted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 27.9% during the 2nd quarter. Iams Wealth Management LLC now owns 18,024 shares of the company’s stock valued at $407,000 after acquiring an additional 3,932 shares in the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Stock Down 0.5%

Shares of SPLB opened at $23.02 on Tuesday. SPDR Portfolio Long Term Corporate Bond ETF has a 12-month low of $21.01 and a 12-month high of $23.84. The business has a 50-day simple moving average of $22.81 and a two-hundred day simple moving average of $22.32.

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.