BTS Asset Management Inc. Takes $473,000 Position in SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND)

BTS Asset Management Inc. bought a new stake in SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,665 shares of the company’s stock, valued at approximately $473,000. SPDR Bloomberg International Corporate Bond ETF comprises about 0.5% of BTS Asset Management Inc.’s investment portfolio, making the stock its 17th largest position. BTS Asset Management Inc. owned about 0.30% of SPDR Bloomberg International Corporate Bond ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC boosted its holdings in SPDR Bloomberg International Corporate Bond ETF by 343.5% during the 3rd quarter. Transcendent Capital Group LLC now owns 887 shares of the company’s stock valued at $27,000 after acquiring an additional 687 shares during the period. Lam Group Inc. boosted its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 148.0% in the third quarter. Lam Group Inc. now owns 99,710 shares of the company’s stock valued at $3,051,000 after purchasing an additional 59,505 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 1,291.5% in the third quarter. JPMorgan Chase & Co. now owns 39,004 shares of the company’s stock valued at $1,194,000 after purchasing an additional 36,201 shares in the last quarter.

SPDR Bloomberg International Corporate Bond ETF Stock Performance

NYSEARCA:IBND opened at $28.00 on Friday. The company has a fifty day simple moving average of $28.70 and a two-hundred day simple moving average of $29.48. SPDR Bloomberg International Corporate Bond ETF has a 52 week low of $27.69 and a 52 week high of $31.41.

About SPDR Bloomberg International Corporate Bond ETF

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States.