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

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $32.91 and last traded at $32.92, with a volume of 127356 shares changing hands. The stock had previously closed at $33.08.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

The firm’s 50-day moving average price is $33.21 and its 200 day moving average price is $33.45.

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

Large investors have recently bought and sold shares of the stock. Nilsine Partners LLC increased its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 2.5% during the second quarter. Nilsine Partners LLC now owns 255,354 shares of the company’s stock worth $8,544,000 after buying an additional 6,272 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at $36,000. Strive Financial Group LLC lifted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 410.6% in the second quarter. Strive Financial Group LLC now owns 6,714 shares of the company’s stock valued at $225,000 after acquiring an additional 5,399 shares in the last quarter. GoalVest Advisory LLC boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 3.4% during the second quarter. GoalVest Advisory LLC now owns 632,007 shares of the company’s stock valued at $21,147,000 after acquiring an additional 20,938 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,469 shares of the company’s stock valued at $283,000 after acquiring an additional 373 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

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.