Clark Capital Management Group Inc. Makes New Investment in SPDR Portfolio Long Term Corporate Bond ETF $SPLB

Clark Capital Management Group Inc. acquired a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 102,836 shares of the company’s stock, valued at approximately $2,378,000. Clark Capital Management Group Inc. owned approximately 0.25% of SPDR Portfolio Long Term Corporate Bond ETF as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SPLB. Thrivent Financial for Lutherans acquired a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 3rd quarter worth about $23,055,000. State Street Corp boosted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 6.2% in the 2nd quarter. State Street Corp now owns 7,315,006 shares of the company’s stock worth $165,100,000 after buying an additional 427,047 shares during the last quarter. Spectrum Wealth Advisory Group LLC acquired a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the 2nd quarter worth about $5,647,000. Arrien Investments Inc. increased its stake in SPDR Portfolio Long Term Corporate Bond ETF by 108.5% during the 3rd quarter. Arrien Investments Inc. now owns 352,979 shares of the company’s stock worth $8,161,000 after buying an additional 183,681 shares in the last quarter. Finally, RMG Wealth Management LLC raised its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.3% during the third quarter. RMG Wealth Management LLC now owns 2,228,596 shares of the company’s stock valued at $52,227,000 after acquiring an additional 131,149 shares during the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

NYSEARCA SPLB opened at $22.10 on Tuesday. The stock’s 50 day simple moving average is $22.74 and its 200-day simple moving average is $22.89. SPDR Portfolio Long Term Corporate Bond ETF has a 1-year low of $21.01 and a 1-year high of $23.59.

SPDR Portfolio Long Term Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.1005 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Monday, March 2nd.

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.