Farther Finance Advisors LLC Cuts Holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)

Farther Finance Advisors LLC trimmed its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 24.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 348,361 shares of the company’s stock after selling 112,530 shares during the quarter. Farther Finance Advisors LLC’s holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF were worth $11,412,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 315,156 shares of the company’s stock valued at $10,325,000 after purchasing an additional 18,376 shares during the last quarter. True Link Financial Advisors LLC boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 38.5% in the 4th quarter. True Link Financial Advisors LLC now owns 3,203,828 shares of the company’s stock worth $104,957,000 after buying an additional 891,252 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.5% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 172,720 shares of the company’s stock worth $5,658,000 after buying an additional 10,485 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 150.0% in the 4th quarter. Richardson Financial Services Inc. now owns 12,574 shares of the company’s stock worth $412,000 after buying an additional 7,545 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 9.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 785,960 shares of the company’s stock worth $25,748,000 after buying an additional 65,428 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPIB stock opened at $33.05 on Wednesday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1 year low of $31.98 and a 1 year high of $33.86. The stock’s fifty day moving average price is $32.91 and its 200-day moving average price is $33.13.

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.