Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) 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. The stock had previously closed at $33.39.
SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.1%
The business has a fifty day simple moving average of $33.46 and a 200 day simple moving average of $33.67.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SPIB. American Family Investments Inc. boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 81.1% during the 3rd quarter. American Family Investments Inc. now owns 9,604,000 shares of the company’s stock worth $325,480,000 after purchasing an additional 4,300,000 shares during the last quarter. Ameriprise Financial Inc. lifted its stake 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 8.2% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953,744 shares of the company’s stock worth $32,246,000 after acquiring an additional 72,078 shares during the last quarter. RMG Wealth Management LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the first quarter worth about $29,366,000. Finally, Bartlett & CO. Wealth Management LLC grew its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 25.5% during 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.
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.
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