SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Reaches New 52-Week Low – Should You Sell?

by · The Markets Daily

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $32.56 and last traded at $32.5450, with a volume of 423274 shares changing hands. The stock had previously closed at $32.70.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

The firm’s fifty day moving average price is $33.02 and its 200 day moving average price is $33.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPIB. RMG Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the first quarter worth about $29,366,000. Manning & Napier Advisors LLC increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 628,376 shares of the company’s stock valued at $21,076,000 after acquiring an additional 479,097 shares during the last quarter. Moment Partners LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 1st quarter valued at about $10,698,000. Bartlett & CO. Wealth Management LLC raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 25.5% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 847,751 shares of the company’s stock valued at $28,408,000 after acquiring an additional 172,378 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 81.1% in the 1st quarter. Bank of New York Mellon Corp now owns 340,603 shares of the company’s stock valued at $11,424,000 after acquiring an additional 152,530 shares in the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

(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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