245,638 Shares in SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB Acquired by von Borstel & Associates Inc.

von Borstel & Associates Inc. acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 245,638 shares of the company’s stock, valued at approximately $8,297,000. SPDR Portfolio Intermediate Term Corporate Bond ETF comprises approximately 1.3% of von Borstel & Associates Inc.’s investment portfolio, making the stock its 19th biggest holding. von Borstel & Associates Inc. owned about 0.08% of SPDR Portfolio Intermediate Term Corporate Bond ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPIB. Duff & Phelps Investment Management Co. lifted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.5% in the second quarter. Duff & Phelps Investment Management Co. now owns 372,415 shares of the company’s stock worth $12,506,000 after buying an additional 5,500 shares in the last quarter. Alteri Wealth LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at $202,000. Segall Bryant & Hamill LLC increased its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.2% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 59,323 shares of the company’s stock worth $1,992,000 after acquiring an additional 707 shares during the last quarter. Leuthold Group LLC raised its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 18.7% during the 2nd quarter. Leuthold Group LLC now owns 388,529 shares of the company’s stock worth $13,047,000 after acquiring an additional 61,282 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at about $34,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPDR Portfolio Intermediate Term Corporate Bond ETF stock opened at $33.44 on Friday. The company has a 50-day moving average price of $33.88 and a 200 day moving average price of $33.87. 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 Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1234 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR Portfolio Intermediate Term Corporate Bond ETF’s previous monthly dividend of $0.12. This represents a c) annualized dividend and a yield of 4.4%.

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.