SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Shares Cross Above 50 Day Moving Average – Here’s Why

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)’s share price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $32.61 and traded as high as $32.67. SPDR Portfolio Intermediate Term Corporate Bond ETF shares last traded at $32.62, with a volume of 10,274,398 shares.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Up 0.2%

The business’s 50 day moving average is $32.61 and its 200-day moving average is $33.29.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SPIB. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 purchasing an additional 373 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter worth $27,000. Compass Financial Management LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth $36,000. City State Bank acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter worth $37,000. Finally, Climber Capital SA grew its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.2% during the third quarter. Climber Capital SA now owns 114,482 shares of the company’s stock worth $3,504,000 after purchasing an additional 1,390 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.