AIFG Consultants Ltd. Invests $1.61 Million in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)

AIFG Consultants Ltd. purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 49,009 shares of the company’s stock, valued at approximately $1,606,000. SPDR Portfolio Intermediate Term Corporate Bond ETF comprises about 2.6% of AIFG Consultants Ltd.’s portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPIB. NBC Securities Inc. boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 22.2% during the third 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. Richardson Financial Services Inc. boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 61.4% during the third quarter. Richardson Financial Services Inc. now owns 5,029 shares of the company’s stock worth $166,000 after buying an additional 1,914 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 145.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,014 shares of the company’s stock worth $169,000 after buying an additional 2,972 shares during the last quarter. OLD Second National Bank of Aurora boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 71.7% during the fourth quarter. OLD Second National Bank of Aurora now owns 5,910 shares of the company’s stock worth $194,000 after buying an additional 2,467 shares during the last quarter. Finally, IHT Wealth Management LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter worth $201,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

NYSEARCA SPIB opened at $32.88 on Tuesday. The stock’s fifty day moving average is $32.86 and its two-hundred day moving average is $33.14. SPDR Portfolio Intermediate Term Corporate Bond ETF has a fifty-two week low of $31.98 and a fifty-two week high of $33.86.

SPDR Portfolio Intermediate Term Corporate Bond ETF 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.