Hudson Valley Investment Advisors Inc. ADV lifted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Rating) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 457,748 shares of the company's stock after acquiring an additional 88,505 shares during the quarter. SPDR Portfolio Intermediate Term Corporate Bond ETF accounts for 2.2% of Hudson Valley Investment Advisors Inc. ADV's holdings, making the stock its 9th biggest position. Hudson Valley Investment Advisors Inc. ADV owned approximately 0.23% of SPDR Portfolio Intermediate Term Corporate Bond ETF worth $14,570,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPIB. WFA of San Diego LLC acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter valued at $33,000. Mach 1 Financial Group LLC acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter valued at $37,000. US Bancorp DE grew its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 431.9% during the third quarter. US Bancorp DE now owns 1,686 shares of the company's stock valued at $53,000 after buying an additional 1,369 shares during the period. Private Trust Co. NA acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at $177,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter valued at $259,000.
Get SPDR Portfolio Intermediate Term Corporate Bond ETF alerts:SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.2 %
SPIB stock traded down $0.08 during midday trading on Friday, hitting $32.49. 3,356,461 shares of the stock traded hands, compared to its average volume of 7,173,557. The stock's fifty day simple moving average is $32.20 and its 200-day simple moving average is $31.96. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1-year low of $30.68 and a 1-year high of $33.53.
SPDR Portfolio Intermediate Term Corporate Bond ETF Profile
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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.
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