SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Reaches New 12-Month Low – Should You Sell?

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) hit a new 52-week low on Monday . The stock traded as low as $33.15 and last traded at $33.17, with a volume of 2209199 shares. The stock had previously closed at $33.22.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Up 0.2%

The company has a fifty day moving average of $33.37 and a two-hundred day moving average of $33.62.

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

A number of large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its position in shares of 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 worth $181,617,000 after purchasing an additional 2,537,710 shares during the period. American Family Investments Inc. bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth about $178,108,000. Migdal Insurance & Financial Holdings Ltd. lifted its position 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 valued at $32,246,000 after purchasing an additional 72,078 shares during the last quarter. RMG Wealth Management LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 1st quarter valued at about $29,366,000. Finally, Bartlett & CO. Wealth Management LLC grew its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 25.5% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 847,751 shares of the company’s stock worth $28,408,000 after purchasing an additional 172,378 shares during 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.