Northwestern Mutual Wealth Management Co. decreased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB – Free Report) by 22.2% during the second quarter, HoldingsChannel reports. The firm owned 690,540 shares of the company’s stock after selling 197,584 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Portfolio Long Term Corporate Bond ETF were worth $15,585,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cary Street Partners Financial LLC raised its stake in SPDR Portfolio Long Term Corporate Bond ETF by 14.1% in the first quarter. Cary Street Partners Financial LLC now owns 95,248 shares of the company’s stock worth $2,150,000 after buying an additional 11,777 shares in the last quarter. Graney & King LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 16.9% during the 1st quarter. Graney & King LLC now owns 158,774 shares of the company’s stock worth $3,584,000 after acquiring an additional 22,955 shares during the period. NewEdge Advisors LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 755.2% during the 1st quarter. NewEdge Advisors LLC now owns 133,028 shares of the company’s stock worth $3,002,000 after acquiring an additional 117,472 shares during the period. City Center Advisors LLC raised its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 10.6% in the 2nd quarter. City Center Advisors LLC now owns 15,541 shares of the company’s stock worth $351,000 after acquiring an additional 1,492 shares in the last quarter. Finally, Strategic Advocates LLC lifted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 2.0% in the 2nd quarter. Strategic Advocates LLC now owns 845,820 shares of the company’s stock valued at $19,090,000 after purchasing an additional 16,342 shares during the period.
SPDR Portfolio Long Term Corporate Bond ETF Stock Performance
NYSEARCA SPLB opened at $23.14 on Monday. The stock’s 50 day moving average is $23.10 and its 200 day moving average is $22.62. SPDR Portfolio Long Term Corporate Bond ETF has a twelve month low of $21.01 and a twelve month high of $23.63.
About SPDR Portfolio Long Term Corporate Bond ETF
The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.
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