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

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIBGet 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 traded. The stock had previously closed at $33.17.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $33.35 and a two-hundred day simple moving average of $33.59.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

A number of large investors have recently bought and sold shares of SPIB. Triumph Capital Management acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter worth approximately $28,000. Elyxium Wealth LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter valued at $28,000. WFA of San Diego LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter worth $40,000. Horizon Investments LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter worth $45,000. Finally, Nemes Rush Group LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth $104,000.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

(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.

Further Reading

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.