SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,163 shares of the company’s stock after purchasing an additional 64,824 shares during the quarter. Foster & Motley Inc. owned about 0.08% of SPDR Portfolio Intermediate Term Corporate Bond ETF worth $9,236,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Triumph Capital Management acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter worth $29,000. First Community Trust NA purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at approximately $34,000. Finally, WFA of San Diego LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth approximately $40,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

NYSEARCA SPIB opened at $33.41 on Tuesday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1 year low of $32.38 and a 1 year high of $34.14. The company has a fifty day moving average of $33.79 and a two-hundred day moving average of $33.84.

SPDR Portfolio Intermediate Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1234 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from SPDR Portfolio Intermediate Term Corporate Bond ETF’s previous monthly dividend of $0.12. This represents a c) annualized dividend and a dividend yield of 4.4%.

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.