SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB Holdings Cut by American Family Investments Inc.

American Family Investments Inc. decreased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 9.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,695,000 shares of the company’s stock after selling 909,000 shares during the period. SPDR Portfolio Intermediate Term Corporate Bond ETF makes up about 10.6% of American Family Investments Inc.’s investment portfolio, making the stock its 2nd biggest position. American Family Investments Inc.’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $293,978,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock valued at $181,617,000 after purchasing an additional 2,537,710 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 8.2% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953,744 shares of the company’s stock valued at $32,246,000 after purchasing an additional 72,078 shares during the period. JPMorgan Chase & Co. boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 381.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 792,394 shares of the company’s stock valued at $26,854,000 after purchasing an additional 627,933 shares during the period. RMG Wealth Management LLC boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.6% during the 3rd quarter. RMG Wealth Management LLC now owns 752,977 shares of the company’s stock valued at $25,604,000 after purchasing an additional 46,806 shares during the period. Finally, Crews Bank & Trust boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.6% during the 4th quarter. Crews Bank & Trust now owns 733,009 shares of the company’s stock valued at $24,783,000 after purchasing an additional 70,549 shares during the period.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

SPDR Portfolio Intermediate Term Corporate Bond ETF stock opened at $33.41 on Wednesday. The firm has a 50-day moving average price of $33.57 and a two-hundred day moving average price of $33.77. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52-week low of $32.91 and a 52-week high of $34.14.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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.