RMG Wealth Management LLC Has $25.60 Million Stock Position in SPDR Portfolio Intermediate Term Corporate Bond ETF $SPIB

RMG Wealth Management LLC grew its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) by 6.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 752,977 shares of the company’s stock after purchasing an additional 46,806 shares during the period. SPDR Portfolio Intermediate Term Corporate Bond ETF makes up approximately 3.6% of RMG Wealth Management LLC’s holdings, making the stock its 9th largest position. RMG Wealth Management LLC owned approximately 0.24% of SPDR Portfolio Intermediate Term Corporate Bond ETF worth $25,604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPIB. Fortitude Family Office LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter valued at approximately $29,000. First Community Trust NA purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter worth $34,000. WFA of San Diego LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at $40,000. Finally, Silicon Valley Capital Partners purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth about $44,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF stock opened at $33.85 on Friday. The firm’s 50-day moving average is $33.84 and its 200 day moving average is $33.77. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1 year low of $32.38 and a 1 year high of $34.08.

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. SPIB was launched on Feb 10, 2009 and is managed by State Street.