SPDR Bloomberg International Corporate Bond ETF $IBND Stake Lifted by Lam Group Inc.

Lam Group Inc. raised its position in SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) by 16.2% during the fourth quarter, HoldingsChannel reports. The firm owned 326,356 shares of the company’s stock after purchasing an additional 45,501 shares during the period. SPDR Bloomberg International Corporate Bond ETF comprises 6.0% of Lam Group Inc.’s holdings, making the stock its 2nd biggest position. Lam Group Inc.’s holdings in SPDR Bloomberg International Corporate Bond ETF were worth $10,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in SPDR Bloomberg International Corporate Bond ETF by 35.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 89,507 shares of the company’s stock valued at $2,890,000 after purchasing an additional 23,276 shares in the last quarter. Israel Discount Bank of New York purchased a new position in SPDR Bloomberg International Corporate Bond ETF in the 3rd quarter valued at $2,078,000. Aspect Partners LLC purchased a new position in SPDR Bloomberg International Corporate Bond ETF in the 4th quarter valued at $2,038,000. Lifestyle Asset Management Inc. purchased a new position in SPDR Bloomberg International Corporate Bond ETF in the 3rd quarter valued at $14,752,000. Finally, Synergy Asset Management LLC lifted its holdings in SPDR Bloomberg International Corporate Bond ETF by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 234,496 shares of the company’s stock valued at $7,642,000 after purchasing an additional 117,248 shares in the last quarter.

SPDR Bloomberg International Corporate Bond ETF Stock Performance

Shares of IBND stock opened at $31.99 on Wednesday. The stock’s fifty day moving average is $31.79 and its two-hundred day moving average is $31.95. SPDR Bloomberg International Corporate Bond ETF has a fifty-two week low of $30.30 and a fifty-two week high of $33.20.

SPDR Bloomberg International Corporate Bond ETF Profile

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.