Moment Partners LLC Invests $10.70 Million in SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB

Moment Partners LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 318,949 shares of the company’s stock, valued at approximately $10,698,000. SPDR Portfolio Intermediate Term Corporate Bond ETF accounts for about 1.9% of Moment Partners LLC’s portfolio, making the stock its 10th largest holding.

A number of other hedge funds have also added to or reduced their stakes in the business. American Family Investments Inc. acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at approximately $178,108,000. Ameriprise Financial Inc. increased its position 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 worth $181,617,000 after purchasing an additional 2,537,710 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 worth $26,854,000 after purchasing an additional 627,933 shares in the last quarter. Manning & Napier Advisors LLC raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 628,376 shares of the company’s stock worth $21,076,000 after purchasing an additional 479,097 shares in the last quarter. Finally, Climber Capital SA acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter valued at approximately $3,788,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

NYSEARCA SPIB opened at $33.22 on Monday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12 month low of $33.15 and a 12 month high of $34.14. The stock has a 50 day moving average of $33.39 and a 200-day moving average of $33.62.

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.