SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB Shares Sold by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan trimmed its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,704,768 shares of the company’s stock after selling 1,263,328 shares during the quarter. SPDR Portfolio Intermediate Term Corporate Bond ETF accounts for approximately 4.5% of Municipal Employees Retirement System of Michigan’s holdings, making the stock its 8th biggest holding. Municipal Employees Retirement System of Michigan’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $395,738,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in SPIB. Baird Financial Group Inc. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.9% in the second 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 lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% in the second 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. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% in the second 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 bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at $40,000. Finally, Fidelity D & D Bancorp Inc. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.2% in the second 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

Shares of NYSEARCA SPIB opened at $33.35 on Friday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a fifty-two week low of $33.02 and a fifty-two week high of $34.14. The firm’s 50-day simple moving average is $33.50 and its 200 day simple moving average is $33.74.

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.