SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Hits New 12-Month Low – Here’s Why

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIBGet Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $32.56 and last traded at $32.5450, with a volume of 423274 shares trading hands. The stock had previously closed at $32.70.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.7%

The company has a 50-day moving average price of $33.02 and a 200-day moving average price of $33.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,469 shares of the company’s stock worth $283,000 after acquiring an additional 373 shares during the period. OLD Second National Bank of Aurora increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 7.6% in the 1st quarter. OLD Second National Bank of Aurora now owns 5,684 shares of the company’s stock valued at $191,000 after purchasing an additional 400 shares during the period. Alteri Wealth LLC lifted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.0% in the fourth quarter. Alteri Wealth LLC now owns 9,872 shares of the company’s stock worth $334,000 after purchasing an additional 556 shares in the last quarter. Mascagni Wealth Management Inc. lifted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 2.2% in the fourth quarter. Mascagni Wealth Management Inc. now owns 42,163 shares of the company’s stock worth $1,426,000 after purchasing an additional 925 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth approximately $36,000.

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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