JPMorgan Chase & Co. Raises Holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB

JPMorgan Chase & Co. increased its position in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 381.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 792,394 shares of the company’s stock after purchasing an additional 627,933 shares during the period. JPMorgan Chase & Co.’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $26,854,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% during the 2nd quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock worth $2,700,000 after acquiring an additional 582 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.2% in the second quarter. Segall Bryant & Hamill LLC now owns 59,323 shares of the company’s stock worth $1,992,000 after purchasing an additional 707 shares during the last quarter. Fifth Third Securities Inc. raised its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 2.8% during the third quarter. Fifth Third Securities Inc. now owns 26,327 shares of the company’s stock valued at $892,000 after purchasing an additional 712 shares in the last quarter. Baird Financial Group Inc. raised its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.9% during the second quarter. Baird Financial Group Inc. now owns 15,370 shares of the company’s stock valued at $516,000 after purchasing an additional 719 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter valued at $29,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPDR Portfolio Intermediate Term Corporate Bond ETF stock opened at $34.11 on Friday. The company’s 50-day moving average price is $33.89 and its 200-day moving average price is $33.86. SPDR Portfolio Intermediate Term Corporate Bond ETF has a twelve month low of $32.38 and a twelve month high of $34.14.

SPDR Portfolio Intermediate Term Corporate Bond ETF Cuts Dividend

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

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.