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

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIBGet Free Report) hit a new 52-week low on Monday . The company traded as low as $33.03 and last traded at $33.04, with a volume of 52854 shares changing hands. The stock had previously closed at $33.13.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Up 0.3%

The company has a fifty day moving average of $33.31 and a two-hundred day moving average of $33.54.

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

Institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. boosted its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.9% during the 2nd quarter. Baird Financial Group Inc. now owns 15,370 shares of the company’s stock worth $516,000 after buying an additional 719 shares during the period. NewEdge Advisors LLC raised its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock worth $2,700,000 after acquiring an additional 582 shares during the period. Ameriprise Financial Inc. lifted its position in 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 worth $181,617,000 after acquiring an additional 2,537,710 shares during the last quarter. WFA of San Diego LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth $40,000. Finally, Fidelity D & D Bancorp Inc. lifted its position in 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 worth $6,828,000 after acquiring an additional 18,739 shares during 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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