SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sets New 52-Week Low – What’s Next?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB)’s share price hit a new 52-week low during trading on Tuesday. The stock traded as low as $20.43 and last traded at $20.52, with a volume of 2406355 shares trading hands. The stock had previously closed at $20.72.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

The firm has a 50 day moving average of $21.28 and a 200 day moving average of $21.89.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

Several large investors have recently modified their holdings of SPLB. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 42.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,627,182 shares of the company’s stock valued at $103,649,000 after acquiring an additional 1,381,130 shares during the period. Sona Asset Management US LLC acquired a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the first quarter worth $52,106,000. Rockland Trust Co. increased its stake in SPDR Portfolio Long Term Corporate Bond ETF by 4.7% in the second quarter. Rockland Trust Co. now owns 2,029,619 shares of the company’s stock valued at $45,463,000 after purchasing an additional 90,227 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in SPDR Portfolio Long Term Corporate Bond ETF by 37.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 823,018 shares of the company’s stock valued at $18,436,000 after purchasing an additional 223,646 shares in the last quarter. Finally, Assetmark Inc. increased its stake in SPDR Portfolio Long Term Corporate Bond ETF by 142.2% in the first quarter. Assetmark Inc. now owns 535,588 shares of the company’s stock valued at $11,901,000 after purchasing an additional 314,468 shares in 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.