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

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $32.56 and last traded at $32.5450, with a volume of 423274 shares. The stock had previously closed at $32.70.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.3%

The firm has a 50-day moving average price of $32.99 and a 200 day moving average price of $33.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Compass Financial Management LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth approximately $36,000. Nemes Rush Group LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at $104,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth $142,000. OLD Second National Bank of Aurora raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 7.6% in the 1st quarter. OLD Second National Bank of Aurora now owns 5,684 shares of the company’s stock worth $191,000 after purchasing an additional 400 shares during the period. Finally, Strive Financial Group LLC lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 410.6% in the second quarter. Strive Financial Group LLC now owns 6,714 shares of the company’s stock worth $225,000 after purchasing an additional 5,399 shares during 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.