SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Hits New 52-Week Low – Should You Sell?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLBGet Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $21.40 and last traded at $21.45, with a volume of 2604551 shares trading hands. The stock had previously closed at $21.67.

SPDR Portfolio Long Term Corporate Bond ETF Stock Down 1.2%

The business has a fifty day simple moving average of $22.15 and a 200-day simple moving average of $22.38.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SPLB. State Street Corp grew its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 6.2% in the second quarter. State Street Corp now owns 7,315,006 shares of the company’s stock worth $165,100,000 after purchasing an additional 427,047 shares during the period. LPL Financial LLC boosted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 17.1% in the 4th quarter. LPL Financial LLC now owns 2,402,379 shares of the company’s stock worth $54,246,000 after purchasing an additional 351,072 shares in the last quarter. Sona Asset Management US LLC purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 1st quarter worth approximately $52,106,000. Rockland Trust Co. grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 4.7% in the 2nd quarter. Rockland Trust Co. now owns 2,029,619 shares of the company’s stock worth $45,463,000 after buying an additional 90,227 shares during the last quarter. Finally, NYL Investors LLC increased its position in SPDR Portfolio Long Term Corporate Bond ETF by 0.4% during the 4th quarter. NYL Investors LLC now owns 1,456,598 shares of the company’s stock valued at $32,890,000 after buying an additional 5,279 shares in the last quarter.

About SPDR Portfolio Long Term Corporate Bond ETF

(Get Free Report)

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.

Further Reading

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