SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Hits New 1-Year High – Should You Buy?

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)’s stock price reached a new 52-week high on Monday . The stock traded as high as $34.08 and last traded at $34.0850, with a volume of 531393 shares changing hands. The stock had previously closed at $34.04.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

The business has a 50-day moving average of $33.87 and a 200-day moving average of $33.85.

SPDR Portfolio Intermediate Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.1212 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 7,799.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,968,096 shares of the company’s stock valued at $435,469,000 after purchasing an additional 12,803,930 shares during the period. American Family Investments Inc. lifted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 81.1% during the 3rd quarter. American Family Investments Inc. now owns 9,604,000 shares of the company’s stock valued at $325,480,000 after buying an additional 4,300,000 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock valued at $181,617,000 after buying an additional 2,537,710 shares in the last quarter. Orange Investment Advisors Inc. boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.2% in the 3rd quarter. Orange Investment Advisors Inc. now owns 1,307,674 shares of the company’s stock valued at $44,317,000 after buying an additional 75,895 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 8.2% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953,744 shares of the company’s stock worth $32,246,000 after acquiring an additional 72,078 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.