RMG Wealth Management LLC Acquires New Position in SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB

RMG Wealth Management LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 877,133 shares of the company’s stock, valued at approximately $29,366,000. SPDR Portfolio Intermediate Term Corporate Bond ETF makes up about 3.5% of RMG Wealth Management LLC’s portfolio, making the stock its 9th biggest position. RMG Wealth Management LLC owned 0.27% of SPDR Portfolio Intermediate Term Corporate Bond ETF as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth $28,000. Triumph Capital Management bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter valued at $28,000. WFA of San Diego LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth $40,000. Horizon Investments LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth $45,000. Finally, Nemes Rush Group LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth about $104,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.2%

NYSEARCA SPIB opened at $33.05 on Friday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a one year low of $33.03 and a one year high of $34.14. The company has a 50-day simple moving average of $33.34 and a 200-day simple moving average of $33.58.

SPDR Portfolio Intermediate Term Corporate Bond ETF 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.