SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Reaches New 1-Year Low – Here’s What Happened

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $33.00 and last traded at $33.00, with a volume of 1215 shares traded. The stock had previously closed at $33.39.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

The business’s 50 day moving average is $33.46 and its 200-day moving average is $33.66.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Baird Financial Group Inc. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.9% in the 2nd quarter. Baird Financial Group Inc. now owns 15,370 shares of the company’s stock valued at $516,000 after purchasing an additional 719 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% during the second quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock worth $2,700,000 after buying an additional 582 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock valued at $181,617,000 after acquiring an additional 2,537,710 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at $40,000. Finally, Fidelity D & D Bancorp Inc. boosted its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.2% during the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 203,346 shares of the company’s stock valued at $6,828,000 after acquiring an additional 18,739 shares in the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

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.