Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $33.13 and last traded at $33.13, with a volume of 398360 shares. The stock had previously closed at $33.17.
SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance
The stock has a 50-day moving average price of $33.35 and a two-hundred day moving average price of $33.59.
Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF
Hedge funds have recently modified their holdings of the stock. American Family Investments Inc. purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at approximately $178,108,000. Ameriprise Financial Inc. raised its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% in the second quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock worth $181,617,000 after buying an additional 2,537,710 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the first quarter worth $29,366,000. JPMorgan Chase & Co. lifted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 381.8% during the third quarter. JPMorgan Chase & Co. now owns 792,394 shares of the company’s stock worth $26,854,000 after buying an additional 627,933 shares during the period. Finally, Manning & Napier Advisors LLC lifted its stake in shares of 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.
About SPDR Portfolio Intermediate Term Corporate Bond ETF
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.
Further Reading
- Five stocks we like better than SPDR Portfolio Intermediate Term Corporate Bond ETF
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
- Boxabl Disrupts Housing With A Tiny Float IPO
- Robotaxi Mode Engaged: Tesla Starts Monetizing Its Florida Fleet
- Velo3D Forges a New Reality After Its Sharp Stock Sell-Off
Receive News & Ratings for SPDR Portfolio Intermediate Term Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Intermediate Term Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
