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

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

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.2%

The stock’s fifty day moving average price is $33.32 and its 200-day moving average price is $33.55.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GoalVest Advisory LLC lifted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 3.4% during the 2nd quarter. GoalVest Advisory LLC now owns 632,007 shares of the company’s stock worth $21,147,000 after buying an additional 20,938 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% in the 2nd 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 in the last quarter. Mascagni Wealth Management Inc. increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 22.6% in the first quarter. Mascagni Wealth Management Inc. now owns 51,688 shares of the company’s stock valued at $1,734,000 after acquiring an additional 9,525 shares during the last quarter. Strategic Investment Advisors MI increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 71.7% in the first quarter. Strategic Investment Advisors MI now owns 204,494 shares of the company’s stock valued at $6,855,000 after acquiring an additional 85,383 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the first quarter valued at about $1,976,000.

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.