SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sets New 12-Month Low – Time to Sell?

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) hit a new 52-week low on Wednesday . The company traded as low as $33.13 and last traded at $33.13, with a volume of 398360 shares changing hands. The stock had previously closed at $33.17.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.2%

The stock’s 50 day moving average price is $33.34 and its 200-day moving average price is $33.58.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Community Bank N.A. boosted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.0% during 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. raised its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.6% in the second 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 in the last quarter. OLD Second National Bank of Aurora lifted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 7.6% during the first 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 period. Fifth Third Securities Inc. lifted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.5% during the fourth 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 period. Finally, Alteri Wealth LLC boosted its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.0% during the 4th quarter. Alteri Wealth LLC now owns 9,872 shares of the company’s stock valued at $334,000 after buying an additional 556 shares in the last quarter.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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.