SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sets New 1-Year Low – Time to Sell?

by · The Cerbat Gem

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $32.84 and last traded at $32.8350, with a volume of 2266464 shares trading hands. The stock had previously closed at $32.89.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

The company’s 50-day moving average price is $33.14 and its 200 day moving average price is $33.40.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the company. American Family Investments Inc. purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at $178,108,000. Ameriprise Financial Inc. increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock valued at $181,617,000 after purchasing an additional 2,537,710 shares during the last quarter. RMG Wealth Management LLC bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the first quarter worth $29,366,000. Manning & Napier Advisors LLC boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% during the first quarter. Manning & Napier Advisors LLC now owns 628,376 shares of the company’s stock worth $21,076,000 after buying an additional 479,097 shares during the period. Finally, Moment Partners LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the first quarter valued at $10,698,000.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

(Get Free Report)

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.

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