Western Wealth Management LLC Has $4.70 Million Position in SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB

Western Wealth Management LLC lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 25.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,640 shares of the company’s stock after acquiring an additional 27,698 shares during the quarter. Western Wealth Management LLC’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $4,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GoalVest Advisory LLC raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 8.2% during the 3rd quarter. GoalVest Advisory LLC now owns 568,062 shares of the company’s stock worth $19,252,000 after purchasing an additional 43,119 shares in the last quarter. Crews Bank & Trust grew its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 18.4% in the 3rd quarter. Crews Bank & Trust now owns 662,460 shares of the company’s stock valued at $22,451,000 after buying an additional 102,871 shares in the last quarter. Orange Investment Advisors Inc. increased its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.2% in the third quarter. Orange Investment Advisors Inc. now owns 1,307,674 shares of the company’s stock worth $44,317,000 after buying an additional 75,895 shares during the last quarter. Davidson Trust Co. raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 35.3% during the second quarter. Davidson Trust Co. now owns 27,328 shares of the company’s stock valued at $918,000 after acquiring an additional 7,127 shares in the last quarter. Finally, Alteri Wealth LLC acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at approximately $202,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

SPIB stock opened at $33.87 on Monday. The firm has a 50 day moving average of $33.83 and a two-hundred day moving average of $33.82. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12 month low of $32.38 and a 12 month high of $34.08.

SPDR Portfolio Intermediate Term Corporate Bond ETF Cuts Dividend

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