SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Reaches New 1-Year Low – Time to Sell?

Shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) reached a new 52-week low on Tuesday . The stock traded as low as $21.65 and last traded at $21.65, with a volume of 303962 shares traded. The stock had previously closed at $21.75.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

The business’s 50 day moving average is $22.20 and its two-hundred day moving average is $22.43.

Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 3rd quarter worth $29,000. Fifth Third Bancorp bought a new position in SPDR Portfolio Long Term Corporate Bond ETF in the first quarter valued at $31,000. Richard W. Paul & Associates LLC increased its stake in SPDR Portfolio Long Term Corporate Bond ETF by 373.4% in the fourth quarter. Richard W. Paul & Associates LLC now owns 1,671 shares of the company’s stock valued at $38,000 after acquiring an additional 1,318 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter valued at about $41,000. Finally, Smartleaf Asset Management LLC raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 91.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock valued at $53,000 after purchasing an additional 1,134 shares in the last quarter.

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.