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

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIBGet Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $33.15 and last traded at $33.17, with a volume of 2209199 shares changing hands. The stock had previously closed at $33.22.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

The company’s 50-day moving average is $33.39 and its 200-day moving average is $33.62.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Several institutional investors have recently made changes to their positions in SPIB. Elyxium Wealth LLC purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter worth approximately $28,000. Triumph Capital Management acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter valued at $28,000. WFA of San Diego LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth $40,000. Horizon Investments LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth about $45,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth about $104,000.

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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