SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB – Get Free Report) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $20.91 and traded as high as $21.11. SPDR Portfolio Long Term Corporate Bond ETF shares last traded at $21.08, with a volume of 3,779,825 shares.
SPDR Portfolio Long Term Corporate Bond ETF Stock Performance
The firm’s fifty day moving average is $20.91 and its 200 day moving average is $21.90.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPLB. Fifth Third Bancorp bought a new position in SPDR Portfolio Long Term Corporate Bond ETF in the first quarter valued at approximately $31,000. Brown Lisle Cummings Inc. lifted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 146.2% during the second quarter. Brown Lisle Cummings Inc. now owns 2,472 shares of the company’s stock worth $55,000 after purchasing an additional 1,468 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 9,261.1% during the first quarter. Cornerstone Planning Group LLC now owns 3,370 shares of the company’s stock worth $75,000 after purchasing an additional 3,334 shares during the last quarter. Triumph Capital Management lifted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 31.7% during the second quarter. Triumph Capital Management now owns 3,913 shares of the company’s stock worth $88,000 after purchasing an additional 942 shares during the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter valued at $96,000.
About SPDR Portfolio Long Term Corporate Bond ETF
The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.
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