Municipal Employees Retirement System of Michigan Sells 1,263,328 Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB

Municipal Employees Retirement System of Michigan reduced its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,704,768 shares of the company’s stock after selling 1,263,328 shares during the period. SPDR Portfolio Intermediate Term Corporate Bond ETF comprises 4.5% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 8th largest position. Municipal Employees Retirement System of Michigan owned 3.71% of SPDR Portfolio Intermediate Term Corporate Bond ETF worth $395,738,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SPIB. Baird Financial Group Inc. boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.9% during the 2nd quarter. Baird Financial Group Inc. now owns 15,370 shares of the company’s stock valued at $516,000 after buying an additional 719 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% during the 2nd quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock valued at $2,700,000 after buying an additional 582 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of 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 buying an additional 2,537,710 shares during the last quarter. WFA of San Diego LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter valued at approximately $40,000. Finally, Fidelity D & D Bancorp Inc. boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.2% during the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 203,346 shares of the company’s stock valued at $6,828,000 after buying an additional 18,739 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPDR Portfolio Intermediate Term Corporate Bond ETF stock opened at $33.35 on Friday. The stock has a 50 day moving average of $33.50 and a 200-day moving average of $33.74. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52 week low of $33.02 and a 52 week high of $34.14.

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.