SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sets New 1-Year Low – What’s Next?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.92 and last traded at $20.9550, with a volume of 1605883 shares changing hands. The stock had previously closed at $21.32.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

The company has a 50-day simple moving average of $21.42 and a two-hundred day simple moving average of $21.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 117,759 shares of the company’s stock worth $2,638,000 after acquiring an additional 480 shares during the period. Brown Lisle Cummings Inc. raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 146.2% in the second quarter. Brown Lisle Cummings Inc. now owns 2,472 shares of the company’s stock worth $55,000 after buying an additional 1,468 shares during the period. Triumph Capital Management lifted its holdings 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 valued at $88,000 after purchasing an additional 942 shares in the last quarter. HF Advisory Group LLC raised its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 6.8% during the second quarter. HF Advisory Group LLC now owns 15,418 shares of the company’s stock valued at $345,000 after acquiring an additional 982 shares during the period. Finally, Roan Capital Partners raised its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.0% during the second quarter. Roan Capital Partners now owns 175,836 shares of the company’s stock valued at $3,939,000 after buying an additional 11,496 shares during the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

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.