Western Wealth Management LLC Has $4.70 Million Stake in SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB

Western Wealth Management LLC increased its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 25.0% in the 3rd quarter, Holdings Channel reports. The firm owned 138,640 shares of the company’s stock after purchasing an additional 27,698 shares during the period. Western Wealth Management LLC’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $4,699,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in SPIB. Municipal Employees Retirement System of Michigan raised its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 7,799.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,968,096 shares of the company’s stock valued at $435,469,000 after purchasing an additional 12,803,930 shares during the period. American Family Investments Inc. acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at $178,108,000. Ameriprise Financial Inc. grew its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% in 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. Your Advocates Ltd. LLP bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter worth $21,018,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 229.6% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 565,498 shares of the company’s stock worth $19,165,000 after acquiring an additional 393,948 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPIB stock opened at $33.87 on Monday. The company has a 50-day moving average of $33.83 and a two-hundred day moving average of $33.82. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52-week low of $32.38 and a 52-week high of $34.08.

SPDR Portfolio Intermediate Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.1212 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.3%.

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.