SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sets New 1-Year High – Time to Buy?

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

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $33.88 and its 200 day moving average is $33.86.

SPDR Portfolio Intermediate Term Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.1212 dividend. 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.

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

Several hedge funds have recently made changes to their positions in SPIB. IHT Wealth Management LLC lifted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 488.2% during the 4th quarter. IHT Wealth Management LLC now owns 47,205 shares of the company’s stock worth $1,596,000 after purchasing an additional 39,180 shares in the last quarter. Centennial Bank AR grew its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.0% during the 4th quarter. Centennial Bank AR now owns 65,600 shares of the company’s stock valued at $2,218,000 after buying an additional 3,706 shares in the last quarter. Advisory Services Network LLC increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 18.1% during the fourth quarter. Advisory Services Network LLC now owns 143,357 shares of the company’s stock valued at $4,847,000 after buying an additional 21,994 shares during the period. Financial Gravity Asset Management Inc. lifted its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.8% in the fourth quarter. Financial Gravity Asset Management Inc. now owns 538,057 shares of the company’s stock worth $18,192,000 after buying an additional 34,049 shares in the last quarter. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter worth about $2,556,000.

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.