Burns Matteson Capital Management LLC Makes New $825,000 Investment in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)

Burns Matteson Capital Management LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 24,465 shares of the company’s stock, valued at approximately $825,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Able Wealth Management LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth approximately $67,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth approximately $69,000. Richardson Financial Services Inc. raised its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 341.9% in the 1st quarter. Richardson Financial Services Inc. now owns 2,320 shares of the company’s stock worth $76,000 after purchasing an additional 1,795 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 34.1% in the 1st quarter. NBC Securities Inc. now owns 2,677 shares of the company’s stock worth $87,000 after purchasing an additional 680 shares in the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Up 0.1 %

Shares of NYSEARCA SPIB traded up $0.02 during midday trading on Friday, reaching $33.34. The company’s stock had a trading volume of 4,645,320 shares, compared to its average volume of 4,094,223. The company has a 50 day moving average price of $33.47 and a 200 day moving average price of $32.85. SPDR Portfolio Intermediate Term Corporate Bond ETF has a one year low of $30.89 and a one year high of $33.86.

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.