Econ Financial Services Corp Takes Position in SPDR Portfolio Long Term Corporate Bond ETF $SPLB

Econ Financial Services Corp acquired a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) in the 1st quarter, Holdings Channel.com reports. The fund acquired 240,446 shares of the company’s stock, valued at approximately $5,343,000. SPDR Portfolio Long Term Corporate Bond ETF comprises approximately 2.5% of Econ Financial Services Corp’s portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter valued at $29,000. Richard W. Paul & Associates LLC boosted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 373.4% in the 4th quarter. Richard W. Paul & Associates LLC now owns 1,671 shares of the company’s stock worth $38,000 after purchasing an additional 1,318 shares during the period. International Assets Investment Management LLC bought a new position in SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter worth about $41,000. Smartleaf Asset Management LLC increased its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 91.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter worth about $56,000.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

SPLB opened at $22.54 on Friday. The business’s 50-day moving average price is $22.30 and its two-hundred day moving average price is $22.50. SPDR Portfolio Long Term Corporate Bond ETF has a 1 year low of $21.69 and a 1 year high of $23.59.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.