SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sets New 52-Week Low – Here’s Why

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $32.84 and last traded at $32.8350, with a volume of 2266464 shares changing hands. The stock had previously closed at $32.89.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.1%

The firm’s 50-day moving average price is $33.14 and its 200 day moving average price is $33.40.

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

A number of hedge funds have recently made changes to their positions in the business. Elyxium Wealth LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at $28,000. Triumph Capital Management purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter valued at about $28,000. Compass Financial Management LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at approximately $36,000. WFA of San Diego LLC purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at $40,000. Finally, Horizon Investments LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at about $45,000.

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.