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

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $32.58 and last traded at $32.62, with a volume of 6167095 shares trading hands. The stock had previously closed at $32.63.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.0%

The firm has a 50-day moving average of $33.06 and a 200 day moving average of $33.34.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter valued at $28,000. Compass Financial Management LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth $36,000. Nemes Rush Group LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth $104,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth $142,000. Finally, OLD Second National Bank of Aurora lifted its holdings 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 buying an additional 400 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.