RMG Wealth Management LLC Buys Shares of 877,133 SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB

RMG Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 877,133 shares of the company’s stock, valued at approximately $29,366,000. SPDR Portfolio Intermediate Term Corporate Bond ETF comprises 3.5% of RMG Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position.

Several other institutional investors have also modified their holdings of the company. American Family Investments Inc. acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth about $178,108,000. 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. Manning & Napier Advisors LLC grew its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% in 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 during the last quarter. Moment Partners LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 1st quarter worth about $10,698,000. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 25.5% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 847,751 shares of the company’s stock valued at $28,408,000 after purchasing an additional 172,378 shares during the period.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.2%

SPIB opened at $33.05 on Friday. The business’s 50 day moving average is $33.34 and its 200-day moving average is $33.58. SPDR Portfolio Intermediate Term Corporate Bond ETF has a twelve month low of $33.03 and a twelve month 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.