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

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $33.03 and last traded at $33.04, with a volume of 52854 shares traded. The stock had previously closed at $33.13.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.2%

The business’s fifty day moving average is $33.32 and its 200 day moving average is $33.55.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Community Bank N.A. lifted its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.0% in the fourth quarter. Community Bank N.A. now owns 36,854 shares of the company’s stock valued at $1,246,000 after purchasing an additional 360 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 worth $283,000 after buying an additional 373 shares in the last quarter. OLD Second National Bank of Aurora raised its position in 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 buying an additional 400 shares during the last quarter. Fifth Third Securities Inc. raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.5% in the 4th quarter. Fifth Third Securities Inc. now owns 26,732 shares of the company’s stock valued at $904,000 after buying an additional 405 shares during the last quarter. Finally, Alteri Wealth LLC lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.0% in the 4th quarter. Alteri Wealth LLC now owns 9,872 shares of the company’s stock valued at $334,000 after acquiring an additional 556 shares in 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.