Richardson Financial Services Inc. Grows Stock Holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)

Richardson Financial Services Inc. raised its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 61.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,029 shares of the company’s stock after buying an additional 1,914 shares during the period. Richardson Financial Services Inc.’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at approximately $67,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at $69,000. Wetzel Investment Advisors Inc. raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 33.2% during the 2nd quarter. Wetzel Investment Advisors Inc. now owns 3,389 shares of the company’s stock worth $111,000 after buying an additional 844 shares during the last quarter. NBC Securities Inc. raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 22.2% during the 3rd quarter. NBC Securities Inc. now owns 3,646 shares of the company’s stock worth $122,000 after buying an additional 663 shares during the last quarter. Finally, Global Financial Private Client LLC grew its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 167.4% in the 1st quarter. Global Financial Private Client LLC now owns 4,425 shares of the company’s stock valued at $144,000 after acquiring an additional 2,770 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPIB traded down $0.04 during midday trading on Friday, reaching $33.14. 2,523,104 shares of the company’s stock were exchanged, compared to its average volume of 4,089,997. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1-year low of $31.02 and a 1-year high of $33.86. The business’s 50-day moving average price is $33.49 and its 200 day moving average price is $32.90.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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.