SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Reaches New 12-Month Low – Time to Sell?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $21.29 and last traded at $21.30, with a volume of 35274 shares changing hands. The stock had previously closed at $21.36.

SPDR Portfolio Long Term Corporate Bond ETF Trading Down 0.2%

The stock has a 50-day simple moving average of $21.94 and a 200 day simple moving average of $22.26.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HF Advisory Group LLC raised its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.8% in the second quarter. HF Advisory Group LLC now owns 15,418 shares of the company’s stock worth $345,000 after acquiring an additional 982 shares during the last quarter. Roan Capital Partners raised its stake in SPDR Portfolio Long Term Corporate Bond ETF by 7.0% in the 2nd quarter. Roan Capital Partners now owns 175,836 shares of the company’s stock valued at $3,939,000 after purchasing an additional 11,496 shares during the last quarter. Rockland Trust Co. lifted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 4.7% in the 2nd quarter. Rockland Trust Co. now owns 2,029,619 shares of the company’s stock valued at $45,463,000 after purchasing an additional 90,227 shares in the last quarter. Midwest Financial Network LLC lifted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 29.7% in the 2nd quarter. Midwest Financial Network LLC now owns 37,626 shares of the company’s stock valued at $843,000 after purchasing an additional 8,623 shares in the last quarter. Finally, WealthPoint Financial LLC acquired a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 1st quarter worth about $308,000.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.